ALGORAND has some serious potential in regard to its technology and its use case, but it’s well known that the people behind ALGO are publicly—and unfortunately loudly—against Trump and his agenda to 'Make America Great Again' and to make 'America the crypto capital of the world.'
I like ALGORAND's project and technology, but I also think that the management's inability to keep their political opinions to themselves, and instead focus on their business model, could end up working against ALGO over the next four years. I think it’s not only a bad idea to take a public political stance as they have when you have a business to run, but their poor judgment could severely hurt ALGO investors over the course of the current administration. But, let’s hope that isn’t the case.
Good luck, and always use a stop loss!
I like ALGORAND's project and technology, but I also think that the management's inability to keep their political opinions to themselves, and instead focus on their business model, could end up working against ALGO over the next four years. I think it’s not only a bad idea to take a public political stance as they have when you have a business to run, but their poor judgment could severely hurt ALGO investors over the course of the current administration. But, let’s hope that isn’t the case.
Good luck, and always use a stop loss!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.