Tom Lee: White House policies may impact the rise and fall of the industry
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Bitmine Chairman Tom Lee stated on January 14 that investors should not go against Washington, as the White House's influence on the rise and fall of various industries is gradually increasing. He believes that this dynamic change is more important than the monetary policy at the beginning of the year. Tom Lee pointed out that credit card companies, the Federal Reserve, and institutional mortgage buyers may become the "losers," and mentioned that Trump is pushing to cap credit card interest rates and that the Federal Reserve may face political pressure to tighten the credit environment. At the same time, he believes that housing-related assets may benefit from Trump's focus on housing affordability and lowering mortgage rates. In addition, he is optimistic about energy, materials, large-cap tech stocks, cryptocurrencies, industrials, financials, and small-cap stocks related to economic growth.
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