Turning Point of the Crypto Market: Opportunities Brought by Trump's Re-election
In November 2024, the results of the U.S. presidential election were announced, and Trump was re-elected. This news instantly became a strong catalyst for the cryptocurrency market. Trump's policy proposals during the campaign were unequivocal; he advocated for strong support of cryptocurrencies and even planned to make the U.S. the "global cryptocurrency capital" and establish a national Bitcoin reserve. Such a policy declaration caused Bitcoin prices to soar rapidly, breaking through $90,000 within days, setting a historic high, and exciting investors greatly.
Trump's collaboration with Musk further fueled the surge in Bitcoin. Trump appointed Musk as the head of the newly established "Department of Government Efficiency," and this news not only caused Dogecoin (DOGE) to rise over 20% at one point but also significantly enhanced market trust and investment interest in the overall cryptocurrency sector. Musk's influence on social media is unparalleled, and his support attracted a large number of young investors, further boosting market enthusiasm.
As cryptocurrencies increasingly rise in status within financial markets, future developments will disrupt the monopoly of traditional financial systems and promote the vigorous development of decentralized finance (DeFi). This not only means that the value of assets will be redefined, but it will also facilitate global capital liquidity, allowing investors to allocate assets more flexibly. Moreover, governments around the world will face the challenge of issuing digital currencies, which may lead to a realignment of monetary policies, becoming a key factor in future global economic competition.
In this exciting wave, the Puppies community has also welcomed thrilling growth! As the concept of Musk's native Dogecoin, Puppies' market capitalization has surged from $5 million to $7 million, forming a strong consensus and maintaining an upward trend. The number of daily holders is steadily increasing, indicating that investor confidence and support for Puppies are continuously strengthening. This community, which combines investment with charitable ideals, is attracting more and more supporters, actively organizing various charitable activities to bring positive impacts to society, allowing every member to contribute to a better future.
