Today's homework also talked about this issue. At present, the cryptocurrency circle or#BTCinvestors are indeed highly tied to Trump. If the Republicans lose the election, it will be a big blow to the sentiment of cryptocurrency investors, and a short-term correction may be inevitable.
But in the long run, the results of the election are not "fatal". In the previous tweet, we also cited six positive factors that may be helpful in the future. Trump's inauguration is only one of them. The other five have no direct impact on the election.
And from the current trends, both the Democratic and Republican parties will gradually become more favorable towards cryptocurrency. The Democratic Party may still be a bit more cautious, but the probability of bills like SAB121 passing again will still be high. Looking at the long term, this election will not have a 'decisive' result; whoever takes office will not stop the development of BTC.
Of course, regardless of who takes office, the first to profit will definitely be the more compliant cryptocurrencies, which currently include spot ETFs. Although the implementation of SAB121 and FASB could benefit more cryptocurrencies, the trend of monetary easing will gradually stimulate and help liquidity, increasing investors' risk appetite.
The real influence should be whether the U.S. economy will enter a recession and whether inflation will rebound significantly. If these two issues do not arise in the next few days, and if no black swan events occur, then the trend will not change.
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