In a historic first, the president has addressed his thoughts on Crypto Currencies. And it turns out that Donald Trump hates BitCoin.

This shouldn’t be a huge surprise, as most politicians know Crytpo for two things: buying drugs and evading taxes.

In the eyes of most governments, BitCoin and similar digital currencies are bad news. And that’s why many of them want stricter regulations against this new frontier. Rather than speculate on the future of Crypto as a whole, let’s examine some ways to protect yourself (and even profit) during these turbulent times.

Keep Your Crypto Assets In Lock-Up

If the government wants to regulate BitCoin, they’ll target major exchanges. This means shutting down sites and seizing their assets.

An easy way to avoid this is by simply moving your own Crypto holdings off the exchange and into a “hard wallet.” This is kind of like a USB drive, but it is specially encrypted to protect your holdings.

Personally, I recommend investing in a Trezor wallet. These are safe, reliable, and very affordable (you can even order yours on Amazon.com).

Once you have this, unload your holdings from Coinbase or a similar site onto your new wallet.

Congratulations! Your BitCoin funds are now safe in your home, not floating around an online exchange. You’re now protected from any government crackdowns.

Buy The Dip

Fear causes short-term dips in every market. Remember when stocks dropped over North Korea? Or when the S&P 500 pulled back because the economy was too good? These corrections are brief, but they offer terrific buying opportunities for brave investors.

Case in point, here’s what happened after Donald Trump said he hates BitCoin:

Prices fell before rocketing back up.

While I don’t know how long threats of regulation or Donald Trump hate tweets will suppress the market, there might be more opportunities for buying Crypto Currencies at a discount.

This is something which could help both swing traders and HODLers alike.

Short BitCoin?

Gabe Hoffman (a Wall Street hedge fund manager) recently tweeted his strategy for profiting off the BitCoin boom:

If you have a brokerage account and some spare change, shorting Crypto ETFs could be a great tactic. Especially with prices soaring high and the threat of a correction on the horizon.

Does It Really Matter If Donald Trump Hates BitCoin?

Probably not.

If anything, this will give Trump’s opponents more common ground to connect over. While presidents have banned certain currencies before (Roosevelt made it illegal for private citizens to own gold), I highly doubt the current government has the tools or resources to fully blockade digital assets.

However, I do think that threats to regulate Crypto will lead to more market instability and potential money making opportunities.

In other words, keep your eyes peeled for a bargain.

P.S. If you’re looking to buy and store BitCoin, I suggest investing through Coinbase (you’ll earn a free $10 when you use this referral link) and then transferring your funds to a Trezor wallet.