Reasons why the cryptocurrency market is more active in supporting Mr. Trump:
1. Trump openly supports cryptocurrency, although it is still unclear whether this is a ploy to attract the community. However, it can be seen that the community has responded positively to the values promised by future policies.
2. Removal of SEC Chairman Gary Gensler. Although faced with criticism from many, I personally feel that Mr. Gary's term occurred in a chaotic context. From the collapse of FTX and Luna, alarm bells about instability in cryptocurrency have sounded. Additionally, the political situation is also unstable, so policies need to protect the value of the USD.
3. Help reduce electricity prices in the US to the lowest in the world. This will help boost the economy. (And also indirectly support BTC mining).
4. Turn the United States into a leading country in cryptocurrency, directly competing with BRICS. (This competition is relatively healthy for the market as it will make cryptocurrency gradually more public in the community).
