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Which Is a Better Buy During the Trump Administration?
During President Donald Trump’s first term in office, it was not uncommon to hear him speak about the stock market during press interviews. In a way, this isn’t entirely surprising given his history as a real estate developer. Since he was sworn in again last week, Trump has frequently spoken about other market-related items such as interest rates and tariffs.
However, the president appears to have formed an interest in another area of the market outside of its traditional dynamics: cryptocurrency.
Below, I examine two popular cryptocurrencies and make the case for which one I see as the better buy during Trump’s next four years in the Oval Office.
Ripple is a payments network that serves as an alternative to legacy solutions such as the Society for Worldwide Interbank Financial Telecommunication (SWIFT) protocol. The main benefits of using Ripple’s infrastructure are faster payment settlement times and lower fees compared to mainstream providers. XRP (CRYPTO: XRP) is a cryptocurrency that trades on the Ripple network, offering banks and corporations a creative way to send funds back and forth while circumventing hefty foreign exchange fees.
As of this writing (Jan. 27), XRP’s price is about $3. Cheap, right? Well, as I’ve written before, a lower dollar amount does not always equate to a reasonably priced asset.
In the chart above, you can see that XRP was trading below $1 for most of last year. But then in November, the cryptocurrency skyrocketed and it now boasts a market capitalization of $171 billion.
The primary catalyst that fueled XRP’s surge was Trump’s reelection. During his time on the campaign trail, Trump frequently touted pro-crypto rhetoric — especially from a regulatory standpoint.
Moreover, Trump’s nomination of Paul Atkins to lead the Securities and Exchange Commission (SEC) is also viewed as a major positive for XRP. The reason is that Ripple has spent the last several years in a legal whirlwind with the SEC, which alleges the company is selling XRP as an unregistered security. Given Atkins’ support of the crypto landscape, some speculate that his leadership at the SEC (should he be confirmed) could put an end to Ripple’s lawsuit and pave the way for a brighter future for XRP.
Shortly after his inauguration, Trump stepped into the Oval Office to sign piles of executive orders. Among them was an order to “promote United States leadership in digital assets and financial technology.”
When it comes to investing during the Trump administration, there are a lot of factors to consider. With the economy constantly changing and political tensions running high, it can be difficult to know which investments are the best choice for your portfolio.
One option that many investors are considering is buying stocks in companies that are likely to benefit from Trump’s policies. This includes industries such as defense, infrastructure, and energy. These sectors have seen significant growth since Trump took office, and many experts believe that they will continue to perform well in the coming years.
On the other hand, some investors are choosing to focus on more stable investments, such as bonds or real estate. These assets tend to be less volatile than stocks and can provide a more reliable source of income.
Ultimately, the best investment for you will depend on your individual financial goals and risk tolerance. It’s always a good idea to consult with a financial advisor before making any major investment decisions, especially during times of political uncertainty like the Trump administration.
In conclusion, while there are opportunities for profit in the current political climate, it’s important to carefully consider your options and choose investments that align with your overall financial strategy. Whether you choose to invest in stocks, bonds, or real estate, make sure to do your research and stay informed about the latest market trends.
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