According to Bitfinex analysts, the election of Donald Trump as US president is expected to bring a “new wave” of hope to the crypto markets. This hope could manifest itself as more capital flowing into the Web3 space as federal agencies adopt a less hostile stance towards cryptocurrencies.

Trump’s support for the crypto industry is a new development. He stated that he was against Bitcoin in his first term. However, he is now promising support for Bitcoin miners, the creation of a strategic Bitcoin reserve, and a crypto advisory council.

Bitfinex analysts do not expect policy changes in the short term. Congressional support will be needed. Share your views.