
The week ahead will be light on economic indicators and heavy on executive orders (EOs). While the markets are closed on Monday for MLK Day, President Donald Trump will be inaugurated into office for his second term. Out of the gate, Trump 2.0 is likely to target tariff, immigration, regulatory, energy, and cultural issues with a deluge of EOs.
Bitcoin might get a huge boost this week if Trump issues an EO on setting up a strategic bitcoin reserve. Late Friday, he launched $TRUMP, a new cryptocurrency. It soared to $46 Sunday afternoon to a market cap of $9.36 billion. Then again, Trump just demonstrated that while there may be limits on the supply of specific meme coins, there is no limit on the number of new ones. Maybe YRI should develop a new cryptocurrency: $MAXIMUS, named for Dr. Ed's dog (image above).
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