What is Driving the Current Crypto Rally?

[Webster]

Innovating Capital general partner Anthony Georgiades discusses what’s driving the crypto rally and where meme tokens fit in the current market cycle.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.

 

[Min George]

The major force that is driving the current crypto rally is the fact that Trump, a crypto supporter who is very vocal has won the American elections. No more.

 

[riberet19]

There are many things that are driving the price of cryptocurrencies and especially Bitcoin, but the main one is that Donald Trump is going to come to power next month in the US.

 

[Fidelia]

There are many things that are driving the price of cryptocurrencies and especially Bitcoin, but the main one is that Donald Trump is going to come to power next month in the US.

I am just imagining how the persona of one man coming into power has driven such a surge in a market. Let's see what happens to crypto after inauguration.