The impact of the next US president on the cryptocurrency circle:
Trump takes office:
Regulatory environment is friendly: Trump is open to cryptocurrencies and may continue to promote loose regulatory policies, which may be good news for the overall cryptocurrency circle. Loose monetary policy: Trump supports low interest rates and loose monetary policy, which is conducive to the attractiveness of Bitcoin and other safe-haven assets. Tendency of weaker US dollar: Trump tends to push for a depreciation of the US dollar to promote exports, which may further increase the safe-haven demand for digital assets such as Bitcoin. Geopolitical tensions: Trump's policies may lead to increased global trade tensions, which will strengthen the market's risk aversion and help boost the price of Bitcoin.
Biden takes office:
Strengthen supervision: The Biden administration is inclined to strengthen the supervision of cryptocurrencies, which may have a negative impact on the cryptocurrency circle and increase market uncertainty. Tightening tax policies: Biden advocates raising capital gains taxes and taxes on the rich, which may increase the tax burden of cryptocurrency investors and reduce investors' profit margins. Stable monetary policy: Biden supports a prudent monetary policy and gradually tightens it, which may put pressure on the attractiveness of safe-haven assets such as Bitcoin. The US dollar is relatively stable: The Biden administration tends to maintain the stable status of the US dollar, which may weaken the attractiveness of Bitcoin as a safe-haven asset.
In summary, Trump's presidency may bring a more friendly regulatory environment and monetary policy, which is good for digital assets such as Bitcoin; while Biden's presidency may strengthen regulatory and tax policies, which will have a certain negative impact on the cryptocurrency circle. Investors should pay attention to the policy inclinations of the US president and adjust their investment strategies accordingly.
