The current focus of the market is on whether there will be further interest rate cuts in December. Federal Reserve Chairman Powell's stance indicates that they will make decisions gradually based on economic data and adjust the pace of rate cuts according to actual conditions. Personally, I believe that if inflation data does not show a significant rebound, the possibility of a rate cut in December is quite high. At the same time, the Bank of England has announced a 25 basis point rate cut, and it is expected that the United States will soon follow suit with easing policies.
In the context of global central banks generally adopting easing policies, Trump's ascendance may bring new opportunities for Bitcoin, especially if he views Bitcoin as part of the United States' strategic reserve assets, the price of Bitcoin may see new upward potential.
Regarding the expectations for Bitcoin's price after Trump's rise to power, I hold an optimistic view; I still believe that Bitcoin is likely to break the $100,000 barrier. This confidence stems from the fact that the Republican Party, to which Trump belongs, has already controlled the House of Representatives and the Senate, making him potentially one of the most powerful presidents since World War II. He will have full control over the executive and legislative branches and significant influence in the Supreme Court.
The Republican majority in Congress provides a solid foundation for Trump to implement his policies. In his victory speech, Trump promised to fulfill his commitments to the cryptocurrency industry made during the campaign, which also adds to the optimistic outlook for Bitcoin's future.
