There's still about a week left until the election

Elon Musk gave many reasons to support #Trump's election, Messari Crypto founder also said that Trump's election is very important for crypto in the US.

I'm not good at analyzing political factors but I can see that besides Trump, his opponent Kamala Harris may also be friendly to cryptocurrencies.

The two most anti-crypto individuals are Elizabeth Warren (Senator famous for her anti-crypto stance) and Gary Gensler (Chairman of the SEC - Known as the villain of crypto). Trump pledged to fire Gary Gensler on the first day if re-elected.

However, Trump is involved in the World Liberty Financial (WLF) project which did not launch smoothly.

But there is one thing I want to mention: not only does it depend on the influence of the strong crypto community in the US, but Bhutan and El Salvador are also hoarding Bitcoin.

According to @ArkhamIntel, Bhutan is the 4th largest government, currently owning 880 million USD in $BTC. El Salvador is ranked 5th => This could cause other countries to join the Bitcoin hoarding race.

These countries all see Bitcoin as a long-term asset, and have no intention of dumping.

So I think whatever the outcome, everything is fine in the long term. Short-term long/short kills are inevitable.