CoinVoice has learned that Spartan Group published an analysis stating that in the 2024 U.S. presidential election, Trump not only won the election by a landslide but the Republican Party also controls the Senate and the House of Representatives. This victory provides significant leverage for pushing policy changes, and it is expected to be very favorable for the crypto industry in the next 12 months.
The article points out that the difference in this election is the importance of the crypto agenda. Trump and his core advisors are crypto-friendly, and crypto companies provided significant support during the election. Additionally, Trump expressed a desire for the U.S. to become a global crypto hub. Currently, the U.S. is a leader in crypto infrastructure, mining, and trading, but the policies of the new government may further solidify this position.
Historical data shows that the 12 months following the U.S. elections are typically a strong performance period for crypto assets. The clarity of policies resulting from the election outcomes, combined with the halving cycle of BTC, may drive market sentiment towards risk appetite, particularly benefiting the performance of small and medium-sized tokens. Spartan Group believes that as the 'altcoin season' approaches, the crypto market will see more upside potential in the coming year. [Original link]
