🌟 Altcoin season is approaching! Cryptocurrency bull market golden period
The victory of Trump in the 2024 U.S. presidential election and the Republican majority in Congress signal significant changes in the cryptocurrency space.
The next 12 months will be a favorable period for crypto assets.
Trump and his core advisory team have a friendly attitude towards cryptocurrencies, which is expected to drive multiple policy changes beneficial to the crypto industry.
Changes in SEC policies, improvements in the Congressional environment, and proposals for strategic Bitcoin reserves will significantly boost the crypto market.
Historical data shows that the 12 months following a U.S. election typically see strong price performance for crypto assets. Altcoins (represented by ETH) have returns approximately three times that of Bitcoin.
Strong price performance and a shift in investor sentiment towards risk appetite after the election will attract more retail funds into the crypto asset class.
If historical relationships hold, we should expect the altcoin season to begin soon. This will be the golden period for the crypto market, and investors should seize the opportunity to position themselves in advance.