The Potential Impact of Trump's Defeat on the Market
If Harris wins, the market may face some corrections in the short term. After all, the current coin prices already include some of the premium for Trump's victory, and this part of the funds may withdraw from the market. However, I expect this correction will not be too severe, as there is still support around the $50,000 mark. Although Harris's attitude towards the crypto market is not as aggressive as Trump's, she will not excessively suppress the crypto industry. There have been rumors that Harris would consider replacing the current SEC chairman, and although she did not pay much attention to the crypto votes during the election, as the crypto industry continues to grow, she may adopt some more moderate policies to gain the support of this group.
It is worth noting that under Harris's leadership, the Democratic government has been relatively tolerant in promoting crypto-related policies. Bitcoin futures ETFs and spot ETFs were approved during the Democratic administration, which also indicates that Harris is not completely opposed to the innovation and development of cryptocurrencies. Therefore, although Trump's policies may be more favorable to the crypto market, the crypto industry is still expected to maintain a long-term growth trend after Harris takes office.
In addition, Harris's victory may signify that the U.S. and global economies will continue to expand, the process of globalization will accelerate, and currency issuance will continue to increase. In this policy context, the crypto market will benefit from more liquidity and capital inflow. Therefore, whether Harris or Trump takes office, the long-term strengthening trend of the crypto market will not change.
