Today, Bitcoin has again set a new historical high, with prices nearing 77,000 dollars.
Ethereum has finally become strong, with prices nearing 3000 dollars.
Currently, the Ethereum staking ETF has not been approved yet, and it is likely to see another wave of increase.
I think after Trump takes office, it is just a matter of time before Ethereum ETFs allow staking.
The logic is simple: a 3% stable annual return from such a large amount of funds is just too tempting.
This is also why I have always been optimistic about Ethereum; with a spot ETF as support, it is unlikely to cool down.
The altcoin market also shows signs of impending explosion. According to previous patterns, Bitcoin will rise first, followed by Ethereum. It seems that this bull market is still 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 announces another 25 basis point rate cut
Yesterday, the Federal Reserve held a policy meeting, and as we expected, the Fed announced a 25 basis point rate cut at the November meeting.
Currently, it seems that the U.S. election has no significant impact on the Fed's monetary policy. If there are changes, they may not become apparent until December.
Personally, I think the impact in December won't 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 made it clear that he would not resign because of 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 interest rates will continue to be cut in December.
According to Powell's attitude, it is basically still "focus on data, make decisions gradually, and adjust the pace of rate cuts according to economic conditions."
I personally 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 point rate cut, and we expect that our village will soon also conduct another round of monetary easing.
Against the backdrop of global monetary easing, coupled with Trump's rise to power, if he includes Bitcoin as a strategic reserve asset for the U.S., the potential for Bitcoin to rise could be further unlocked.
How much can Bitcoin rise after Trump takes office?
I think after Trump takes office, Bitcoin has a chance to break through 200,000 dollars.
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, managing 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 the U.S. a cryptocurrency capital
2. Dismiss SEC Chairman Gary Gensler
3. Include Bitcoin as a U.S. strategic reserve asset
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 cryptocurrencies within an 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 really come to fruition, it would definitely be long-term good news for the cryptocurrency industry.
So, the cryptocurrency industry is very hopeful that Trump will be elected. His election has indeed led Bitcoin to set a new historical high.
Within a day, the market capitalization of the cryptocurrency market surged by over 200 billion dollars, and the trading volume of Bitcoin spot ETFs reached 6 billion dollars, setting a new high since March.
Now, everyone is concerned about how high Bitcoin will rise after Trump's return to the White House.
During Trump's first term, Bitcoin rose by more than 1900%, even though Trump was critical of cryptocurrencies at that time.
Now, Trump promises to make America a "superpower in Bitcoin" and promote the development of cryptocurrency by easing regulations.
Many analysts also believe that Bitcoin will rise sharply after Trump takes office.
Notable analyst Georgii Verbitskii predicts that Bitcoin prices will exceed 100,000 dollars in the coming months.
Cathie Wood, CEO of Ark Invest, also predicts that Bitcoin will surpass 1 million dollars before 2030 and believes major investment banks may enter the Bitcoin market.
Henry Arslanian predicts that a Trump victory will attract more institutions to participate in U.S. cryptocurrency, including asset management firms and family offices.
Analyst Mags believes that even if Bitcoin only rises 240% after the 2024 election, it would mean its price reaching 250,000 dollars.
So overall, I think after Trump takes office, Bitcoin has a chance to break through 200,000 dollars.
At the current price, Bitcoin still has about three times the potential for increase.
In terms of operational strategy, 80% of the position can be held for appreciation, 10% can follow market sentiment for high sell-low buy, and the remaining 10% can be used to respond to sudden black swan events.
Please note that the above is just a sharing of my personal experience and does not constitute any investment advice.
