Trader Eugene: Trump Has Achieved Pre-Election Goals, Limited Policy Space Ahead

BlockBeats News, March 7th, top trader Eugene Ng Ah Sio posted, stating, "The reason I tended towards shorting after seeing the announcement is that in my view, Trump seems to have achieved his pre-election goal. This executive order marks the end of his commitment to the cryptocurrency-friendly electorate, as he has fulfilled his initial promise.

Today, he has little motivation to continue taking aggressive action to advance cryptocurrency-friendly policies. If you watched the video of him signing the executive order, you would find that he can hardly keep up with what is happening and heavily relies on Sacks' assistance, almost forgetting that he made this commitment. This basically shows us how far down the cryptocurrency has fallen on the president's priority list (which also makes sense).

I do not expect more bullish news to come out of tonight's summit."

Correction/Report

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