If Trump loses, will the crypto market face a black swan event?
As the U.S. elections approach, 41 million people have already voted early, and the results will soon be revealed.
Currently, Trump's chances seem decent, at 60%. But the remaining 40% should not be underestimated.
If Trump truly loses, what impact will it have on the crypto market?
This outcome might surprise many.
In fact, after Biden took office in November 2020, it marked the beginning of a bull market for cryptocurrencies, with Bitcoin soaring from $13,000 to $65,000.
Democratic governance often comes with expansionary fiscal policies, which means there will be more liquidity in the market. The Financial Times even predicts that if Harris is elected, the Federal Reserve may accelerate interest rate cuts, and the market fears that excessive funds could trigger inflation.
It can be seen that the past fiscal policies of the Democratic Party have shocked many analysts.
Therefore, even if Trump loses, the ideas of common prosperity and massive spending advocated by Harris will still be a positive for the crypto market in the long run. Conversely, if Trump wins re-election, that would be even better; he has considered making Bitcoin a national reserve!
So, there’s no need to worry too much; whoever takes office is good news for the crypto market—one might bring a short-term surge, while the other could lead to a long-term bull market.
On this note, I believe Dogecoin is still worth a shot. Even if Trump loses, Dogecoin might only drop by 10%. If Trump wins, Dogecoin could surge significantly! This trade still seems quite worthwhile, don’t you think?
