Will Trump’s Actions Impact Bitcoin’s Price Surge in May?

The traditionally advised ‘sell and walk away’ approach in the crypto sector may be challenged this May as a new mantra emerges: ‘hold and stay.’ Recent analyses suggest that Bitcoin’s evolving strategy is partly influenced by former President Donald Trump’s actions. While the month of May historically hasn’t seen the same prosperity for the S&P 500 compared to the period from November to April, this year presents potential upside surprises for the crypto market. What makes May unique for crypto investors? While typical guidance suggests selling in May only applies half the time for crypto, Bitcoin has defied expectations with four consecutive years of avoiding early red candles. Analysts suggest that steadfastness could open doors to potential gains, despite factors like holiday effects and upcoming tax obligations potentially dampening returns. Trump’s recent actions, including forming a Presidential Working Group to regulate digital currencies and proposing a