#美国大选如何影响加密产业？ #美联储何时降息？

From the current perspective, Harris's policy may support US bond interest rates and the US dollar, but it is not good for US stocks; Trump is good for US stocks, cyclical products, and Bitcoin, but may intervene in the US dollar. In terms of market and asset impact, Harris's "lukewarm" and largely status quo policy also basically determines that the impact on the market is likely to be smaller than Trump's. His direct way of subsidizing residents through fiscal expansion will increase bond issuance in the short term and even bring about periodic demand inflation pressure, so it is not good for bond assets and will support the US dollar; his tax increase policy is not good for US stocks; bulk supply may continue to be limited.

Under Trump's policy, the downward space of US bond interest rates is constrained by inflationary policies; US stocks are supported by tax cuts and are more favorable to cyclical products; the US dollar may strengthen due to interest rate cuts and policies, unless administrative intervention promotes competitive depreciation; bulk supply may increase.