President-elect Donald Trump prepares to take the White House tonight during his inauguration as the next leader of the U.S. This will mark the second time that Trump has won the presidential election, with the first being in his 2016 run. With Trump taking office comes an increased interest in crypto stocks.
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Crypto is a hot topic for incoming President Trump as he’s signaled dedication to these digital assets. For example, Trump and his wife Melania launched two crypto tokens before taking office. These are trading under the TRUMP and MELANIA tickers and quickly attracted investors’ attention.
Additionally, Trump desires to create a Bitcoin (BTC) reserve. This would have the U.S. holding BTC akin to how it holds gold. The government would use Bitcoin seized by authorities to kick off this reserve.
What This Means for Crypto Stocks
With all of this positive sentiment toward crypto, it’s no surprise several crypto stocks rallied on Friday ahead of Trump’s inauguration. Marathon Digital (MARA) closed out Friday 8.8% higher, Microstrategy (MSTR) was up 8.04% when the bell rang, and Coinbase Global (COIN) had jumped 4.92% when normal trading hours ended that day.
The real question is how these stocks will perform after Trump takes the White House. The crypto stock sector is likely to undergo a rally while Trump is President of the U.S. That might not last his whole term, but traders can expect extreme movement in the first few weeks as crypto stocks adjust to the change.
MARA vs. MSTR vs. COIN: Which Crypto Stocks Are Worth Betting On?
Using the TipRanks stock comparison tool, traders can deduce which crypto stocks offer the best potential profits during a Trump presidency. A quick look shows MARA has the most upside potential at 39.63%, with MSTR following it at 33.56%. However, investors might be wary of COIN stock and its potential 0.56% downside.
