Today, Bitcoin has set another historical high, with prices approaching $77,000.
Ethereum has finally become robust, with prices approaching $3,000.
Currently, the Ethereum staking ETF has not been approved yet, and it is likely to see another wave of increase.
I believe it is only a matter of time before Ethereum ETFs allow staking after Trump comes to power.
The logic is simple, because a stable annual return of 3% from such a large amount of capital is simply too attractive.
This is also the reason I have always been optimistic about Ethereum; with the support of a spot ETF, it is unlikely to cool down.
The altcoin market also shows signs of a potential explosion. According to previous patterns, Bitcoin will rise first, followed by Ethereum. It seems this bull market is following that pattern.
When Bitcoin is consolidating at high levels, Ethereum may lead altcoins to experience a wave of catch-up rally.
The Federal Reserve announced another 25 basis points rate cut
Yesterday, the Federal Reserve held a monetary policy meeting, and as we expected, the Fed announced a 25 basis points rate cut in its November meeting.
Currently, the U.S. election has no significant impact on the Fed's monetary policy. If there are changes, they may not be apparent until December.
Personally, I don't think the impact in December will be too significant; it mainly depends on some economic data, such as inflation, unemployment rate, and whether Japan will raise interest rates.
Although Powell did not reveal the future direction of monetary policy in his subsequent speech.
But he clearly stated that he would not resign due to Trump's request, as the law does not allow the president to dismiss or demote senior officials of the Federal Reserve. This indicates that Powell is likely to complete his term.
What the market is most concerned about now is whether there will be another interest rate cut in December.
Based on Powell's attitude, it is basically still 'focus on the data, make decisions gradually, and adjust the pace of rate cuts according to economic conditions.'
Personally, I believe that as long as inflation data does not rebound significantly, it is very likely that there will be another rate cut in December.
Yesterday, the Bank of England also announced another 25 basis points rate cut, and it is expected that our village will soon conduct another round of monetary easing.
Against the backdrop of widespread monetary easing globally and Trump coming to power, if he includes Bitcoin as part of America's strategic reserve assets, the upside potential for Bitcoin may further open up.
How much can Bitcoin rise after Trump comes to power?
I believe that after Trump comes to power, Bitcoin has a chance to break through $200,000.
Why am I so confident?
Because Trump's Republican Party has taken control of both the House of Representatives and the Senate.
He could become the most powerful president after World War II, fully controlling the ruling party, the executive and legislative bodies, and having significant influence over the Supreme Court.
The Republican Party also holds a majority in Congress, giving Trump greater power to implement his policies.
In his victory speech, Trump also promised to fulfill his commitments to the cryptocurrency industry made during the campaign.
Let's take a look at what Trump has promised before:
1. Make America the cryptocurrency capital
2. Dismiss SEC Chairman Gary Gensler
3. Include Bitcoin as part of U.S. strategic reserve assets
4. Organize the sale of Bitcoin held by the U.S.
5. Prevent the U.S. government from further developing CBDCs
6. Propose comprehensive cryptocurrency policies
7. Stop the crackdown on cryptocurrency within one hour of taking office
8. End the U.S. crackdown on the cryptocurrency industry
9. Suggest using cryptocurrency to solve the U.S. debt problem
10. Reduce the sentence of the Silk Road founder
If these policies are really implemented, it will definitely be good news for the cryptocurrency industry in the long term.
Therefore, the cryptocurrency industry is very hopeful that Trump will be elected. His election has indeed led Bitcoin to reach a historical high.
In just one day, the market capitalization of the cryptocurrency market surged by over $200 billion, and the trading volume of Bitcoin spot ETFs reached $6 billion, setting a new high since March.
Now, everyone is paying attention to how high Bitcoin will rise after Trump's return to the White House.
During Trump's first term, Bitcoin rose by over 1900%, and at that time Trump was still critical of cryptocurrency.
Now, Trump promises to make America a 'Bitcoin superpower' and to promote the development of cryptocurrency by easing regulations.
Many analysts also believe that Bitcoin will rise significantly after Trump comes to power.
Well-known analyst Georgii Verbitskii predicts that Bitcoin's price will exceed $100,000 in the coming months.
Cathie Wood, CEO of Ark Invest, also predicts that Bitcoin will exceed $1 million before 2030 and believes that major investment banks may enter the Bitcoin market.
Henry Arslanian predicts that Trump's victory will attract more institutions to participate in U.S. cryptocurrency, including asset management companies and family offices.
Analyst Mags believes that even if Bitcoin only increases by 240% after the 2024 election, it means its price will reach $250,000.
Overall, I believe Bitcoin has a chance to break through $200,000 after Trump comes to power.
At the current price, Bitcoin still has about three times the increase potential.
In terms of operational strategy, 80% of the position can be held for appreciation, 10% can be used to follow market sentiment for high selling and low buying, and the remaining 10% can be used to respond to unexpected black swan events.
Please note that the above is just my personal experience sharing and does not constitute any investment advice.
