Trump is elected, how will the digital currency market go?
Based on the assassination, everyone now believes that Trump will be elected as the US president. Under the guidance of this expectation,
How will the world financial market go?
How will the digital currency market react in advance?
Let's first review his financial propositions and decisions during his term:
1. Super monetary easing policy: Encourage the implementation of loose monetary policy to support economic growth and employment.
2. Interest rate cuts: He has repeatedly publicly pressured the Federal Reserve to lower interest rates to stimulate economic growth. He has repeatedly stated that he hopes the Federal Reserve will lower interest rates to near zero or even lower.
3. Emphasize the international status of the US dollar: Emphasize the maintenance and strengthening of the US dollar's status as the main international reserve currency. Even if inflation remains high, Trump still hopes to maintain the strength of the US dollar against other countries.
4. Tax reform: In 2017, the Tax Cuts and Jobs Act was passed, which significantly cut corporate and personal income taxes to stimulate economic growth.
5. Financial regulatory relaxation: Promote policies to relax financial regulation, especially amend the Dodd-Frank Act, aimed at reducing the regulatory burden on financial institutions.
6. Trade policy: By implementing tariffs and renegotiating trade agreements (such as USMCA replacing NAFTA), Trump hopes to improve the US trade deficit and support domestic manufacturing.
There is a voice these days saying that Trump's support for cryptocurrency is just an election tactic and will not be implemented in practice. This statement is not comprehensive enough.
Points 1, 2, 3, 4, and 5 of his historical financial propositions and decisions listed above are all closely related to the prosperity of the cryptocurrency market.
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