The market's attention is focused on December, speculating whether there will be new interest rate cuts. Powell has indicated that the decision on rate cuts will be based on economic data and will be flexibly adjusted according to actual conditions. In my view, as long as inflation data does not show a significant rebound, the likelihood of a rate cut in December is very high. The Bank of England has announced a rate cut of 25 basis points, and expectations for the U.S. to follow with easing policies are also rising.
In the context of widespread easing by global central banks, Trump's election may bring new opportunities for Bitcoin to rise, especially if he includes Bitcoin as part of the U.S. strategic reserve assets, which would further expand the price potential of Bitcoin.
I hold an optimistic view on Bitcoin's price after Trump's ascendancy, believing that Bitcoin is likely to break through the $100,000 mark. This confidence is based on the fact that the Republican Party, to which Trump belongs, has already controlled both the House of Representatives and the Senate, making him one of the most powerful presidents since World War II, fully in control of both the executive and legislative branches, and with significant influence in the Supreme Court. The Republican majority in Congress provides a solid foundation for the implementation of Trump's policies. In his victory speech, Trump promised to fulfill his campaign commitments to the cryptocurrency industry, which further enhances the optimistic outlook for Bitcoin's future.
