Will Trump's Defeat Become a Black Swan for the Crypto World?
Everyone knows that Trump currently has a 60% chance of winning, but the remaining 40% chance of losing is also quite significant, right? So if Trump loses, how will the crypto world respond? This might exceed many people's expectations.
The last bull market in the crypto world actually started after Biden took office in November 2020, soaring from 13,000 in early November to 65,000.
So why does the Democratic Party's takeover trigger a bull market? This is actually related to their policies, as they really enjoy injecting money into the economy and using expansionary fiscal stimulus policies, which will inject a large amount of dollars into the capital market in the long term.
Even the Financial Times believes that if Harris wins, the Federal Reserve will accelerate interest rate cuts, and they are even concerned that excessive liquidity will reignite inflation. Just look at the past excessive liquidity policies of the Democratic Party; they have scared analysts.
So even if Trump unfortunately loses, Harris's various economic expansion policies will actually be a long-term benefit for the crypto world. But if Trump really comes into power, that would be an astonishing positive, as he has even claimed to make Bitcoin a national reserve, which is just incredible!
So don’t be anxious; whoever takes office is good news for the crypto world, the difference being one is a short-term explosive rise while the other is a long-term bull market. JMQY21