Donald Trump is briefly introduced as follows:
Basic Information
Name: Donald John Trump Aliases: Trump, Tang Trump, Deng Trump
78 years old, Born in: Queens, New York, USA
Graduate School: The Wharton School of the University of Pennsylvania (B.A. in Economics), New York Military Academy
Party: Republican Party
Major Achievements: 45th President of the United States
Career
Real Estate and Business
After graduating from college in 1968, he joined the real estate company founded by his father. In 1971, he took over the company and served as chairman and president, and later renamed it "Trump Group."
He has achieved great success in real estate development, and his investments have extended to industries including casinos, shipping, sports, entertainment (he once owned the Miss America and Miss Universe pageants), with businesses all over the world.
Trump also entered the entertainment industry and hosted the reality show "The Apprentice" and became a household name on TV.
Political career
Trump has participated in the US presidential election many times since 2000, and in June 2015 he officially announced his candidacy for the 2016 US presidential election as a Republican.
On November 9, 2016, Trump defeated Democratic presidential candidate Hillary Clinton and was elected the 45th President of the United States. He was sworn in on January 20, 2017.
During his administration, he pursued an "America First" policy and made significant progress in tax cuts, tough trade policies, increased diplomatic and military deployment, and loosened financial regulations. However, he also announced his withdrawal from multiple international organizations, causing controversy.
In December 2020, Trump lost his re-election. On January 19, 2021, he delivered his farewell speech.
In November 2022, Trump officially announced his candidacy for the 2024 US presidential election and successfully won the Republican presidential nomination.
Personal disputes
Trump has sparked controversy many times during his tenure and during his campaign, including the "Russiagate" incident and the impeachment case.
In 2023, he became the first former president in American history to be criminally prosecuted and was convicted of a "hush money" case.
On July 13, 2024, Trump was shot while giving a speech at a campaign rally, injuring his right ear.
Crypto President:
At 14:30 on November 6, 2004, the 78-year-old American Republican Trump defeated Harris, who received 62,142,405 votes, with an advantage of 67,121,735 votes. He successfully won 277 electoral votes, exceeding the 270-vote threshold for victory, won the 2024 US presidential election, and became the veritable first "crypto president."
Musk's super PAC announced Trump's victory in advance.
Several US media outlets announced that Trump had won the election.
After his successful election campaign, Trump delivered his victory speech at Mar-a-Lago:
Trump stressed that future policies will focus on strengthening border security, expanding the use of energy resources, reducing debt and reducing taxes. He plans to promote economic growth through abundant oil and gas resources and maintain the United States' competitive advantage in the world. At the same time, the government will focus on the quality of education and military strength to ensure national security and is committed to ending wars rather than starting them. He called on all people to unite and work together to build a safer and more prosperous America. He also specifically mentioned Musk's important role in the election and said that Musk is a super genius and the United States must protect such geniuses because there are not many talents like him.
Next, we will look at Trump's commitment to Bitcoin as he positions himself as a candidate who supports the crypto industry. Let's review his commitment to Bitcoin:
Bitcoin as a Reserve: Building a Bitcoin Reserve as a National Strategic Asset
Against CBDC: Banning the creation of a central bank digital currency (CBDC)
Make America the “Crypto Capital”: Make the United States a global leader in cryptocurrency.
Using Bitcoin to Pay Debt: It is proposed to use Bitcoin to reduce the US national debt.
End the ‘crypto crackdown’: Stop regulatory pressure on the cryptocurrency industry.
Protecting Bitcoin Mining and Self-Custody: Ensure Americans’ rights to mine and self-custody cryptocurrency.
Fire Gary Gensler : Would replace SEC Chairman if re-elected.
Create a pro-cryptocurrency regulatory committee: Establish a committee to draft supportive regulations.
Bring Ross Ulbricht Home: Commuting the sentence of Silk Road founder Ross Ulbricht.
Support Bitcoin "Made in the USA" policy: encourage the dominance of Bitcoin mining in the United States and eliminate capital gains tax on Bitcoin.
The United States will not sell any Bitcoin and will retain the 23,650 Bitcoins currently held by the U.S. government, using Bitcoin as a national strategic reserve.
Trump's victory is of great historical significance to the entire cryptocurrency industry. Given Trump's previous promises and positive statements to the crypto industry, BTC also broke through its all-time high on the day of his election (the highest was $75,656, and fell back to $74,375 before press time).
As Trump officially moves into the White House in the future, it remains to be seen whether his previous declarations and promises can be implemented. In the long run, the entire crypto market is still beneficial.
Fed Watch: The Fed's 25 basis point rate cut in November is still nearly fully priced in.
Trump won the election, but the US election concept MEME coins all died out, and Harris tokens almost returned to zero.
Warm reminder: Now the "dopamine effect" is serious, the price is at a historical high, and many people will sell for profit (there is a risk of a short-term correction, but it is still good for the crypto market in the long run). Traders should be cautious! Do a good job of moving stop loss!
