Donald Trump’s Presidential Victory Creates Crypto Market Excitement: Crypto Regulatory Flexibility and New Bull Run Expectations
Donald Trump’s victory in the US presidential election, exceeding 270 delegates, has created great excitement in the crypto markets. The expectation that friendly regulations will come to the crypto sector with Trump’s administration has led to investors’ excitement. Bitcoin (BTC)$BTC
As the cryptocurrency surpassed the $75,000 level following the announcement of the election results, it is predicted that Trump’s crypto-friendly policies could trigger a new bull run in the sector.
The Trump Era: Flexibility and Opportunity in Crypto Regulation
Bitwise European Research Director André Dragosch stated that there could be great opportunities for the crypto market after Trump’s victory. Dragosch said, “A more crypto-friendly stance by US regulators would give crypto asset providers a freer field of activity.” Stating that he believes the Trump administration will end operations such as “Operation Chokepoint 2.0”, which expresses oppressive policies especially towards the crypto sector, Dragosch emphasized that this situation will create great relief in the markets.
Anticipation of Spot Crypto ETF Approvals Grows
In addition, investors are increasingly anticipating that the US Securities and Exchange Commission (SEC) may approve pending spot crypto ETF applications. Dragosch said that pending spot ETF approvals, especially for major crypto assets such as Solana and XRP, could accelerate, and that this development could present new opportunities for investors. Spot ETF approvals could bring more institutional investors into the crypto market and accelerate growth in the sector.
Bull Run in Crypto Market May Strengthen
Noting that Bitcoin has generally performed strongly after past US elections, Dragosch said, “With Trump’s victory, we are entering a period that paves the way for an accelerated bull run in Bitcoin and other crypto assets.” The shift in political sentiment in the US to a more crypto-friendly direction could accelerate the process of mainstream adoption of crypto assets. Dragosch predicts that this could lead to wider acceptance and growth in crypto markets.