Will Trump's defeat become a black swan for the cryptocurrency market?
40.1 million Americans have already voted early, and the earliest date to know the final result of the election victory announcement will be at noon Beijing time on the 6th.
Although Trump currently has a 60% chance of winning, the probability of a 40% failure is also quite high. What do you think, everyone? So what will happen to the cryptocurrency market if Trump loses? This result may exceed many people's expectations; the last bull market in the cryptocurrency space actually began after Biden took office in November 2020. It rose from 13,000 at the beginning of November all the way to 65,000. So why does the Democratic Party coming to power trigger a bull market? This is actually related to their policies; they really like to spend money freely and use expansionary fiscal stimulus policies, which will provide a large amount of dollars to 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 is even worried that excessive liquidity will lead to a resurgence of inflation. Just look at how the Democratic Party's past spending sprees have frightened analysts, so even if Trump unfortunately loses, the concept of common prosperity and spending money freely by Harris is actually a long-term positive for the cryptocurrency market. And if Trump comes to power, it will be an even more surprising positive; he has even claimed that he wants to make Bitcoin a national reserve. So everyone, don't be anxious; whoever comes to power is actually good news for the cryptocurrency market. The difference is that one is a short-term explosive rise, while the other is a long bull market
