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Despite today's rally, the election results are bearish for Bitcoin. Increased congressional scrutiny means Trump is unlikely to use the presidency to pump it up. Speculators…

Peter Schiff
Published: 2026-11-04 20:24 UTC
Collected: 2026-11-04 21:41 UTC
Original language: Not supplied by source

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Despite today's rally, the election results are bearish for Bitcoin. Increased congressional scrutiny means Trump is unlikely to use the presidency to pump it up. Speculators bought Bitcoin to ride on…

Despite today's rally, the election results are bearish for Bitcoin. Increased congressional scrutiny means Trump is unlikely to use the presidency to pump it up. Speculators bought Bitcoin to ride on the Trump family's coattails. Since that ride is over, expect many to bail out.

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Peter Schiff · Published 2026-11-04 16:11 UTC

Of all the market reactions to the Democratic landslide, the Bitcoin rally is the most irrational. A Democratic Congress will take a hostile stance against crypto, which will get…

Of all the market reactions to the Democratic landslide, the Bitcoin rally is the most irrational. A Democratic Congress will take a hostile stance against crypto, which will get worse in 2028 when they have the White House and all the Bitcoin in the Strategic Reserve gets sold.

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