Trump assassination attempt is very bullish for crypto

It seems the markets have figured out that this Saturdays assassination attempt on Trump is very bullish for crypto in general and Bitcoin in particular. Bitcoin is already up over 5%. To lay out the rationale:

1) Interference with the democratic political process in the U.S. is now happening on a bipartisan basis – the Jan 6th attack was done by the right and this was an attack on the right. This undermines the perception of stability of U.S. treasuries and dollar based assets.

2) this has increased the odds of a Trump victory, and he is perceived as pro-crypto, with tentative plans to pass pro-crypto legislation

3) means Gary Gensler is out of the SEC so any overhang perceived from Gensler is gone.

4) Trump has said he would like to put in place a different Fed chair who would lower interest rates which should be bullish for crypto.

5) gives Trump a mandate to potentially abuse the power of the Presidency, again undermining perceptions of stability that benefit US based assets.

I’d expect wealthy family offices from around the world to begin shifting money into crypto in earnest after this weekend. This should be very bullish price and the trend should last a long time given the sums of money that need to move.