If Donald Trump wins the presidential election again, there could be implications for both the US dollar (USD) and cryptocurrencies. Here is the analysis:
US dollar (#USD )
Short term: If Trump keeps his hands off the Federal Reserve and does not implement intervention policies that weaken the dollar, factors favorable to the currency could predominate in the short term.
Long term: If his victory leads to a permanent change in the US political system, the effects would be overwhelmingly negative for the dollar.
History: Following Trump's surprise victory in 2016, the Dollar Index (DXY) rose 5.5% in six weeks, but then fell about 11% in his first 12 months in office1.
Cryptocurrencies:
Bitcoin (#BTC☀️ )Market leader, Bitcoin promises continued growth. Its institutional adoption and scarcity could drive its price.
Ethereum (#ETH ): Platform for decentralized applications (dApps) and smart contracts. Ethereum 2.0 will improve scalability and security.
Altcoins: Coins like Litecoin (#LTC ), XRP, and others with growth potential could benefit from widespread cryptocurrency adoption2.
