Trump will officially take office as President of the United States on January 20, and we are now in the final countdown phase, with only 17 days remaining.
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Trump's upcoming inauguration and its potential impact on the cryptocurrency market have indeed become the focus of recent market attention. Below is an in-depth analysis of this situation and predictions for the possible trends in the future cryptocurrency market:
Trump's Inauguration and the Cryptocurrency Market
Trump will officially take office as President on January 20, 2025, and at that time, the market is full of expectations about whether he will mention cryptocurrencies, especially Bitcoin (BTC), in his public speech. Although Trump has previously made supportive statements about cryptocurrencies, he has also shown some opposing attitudes, particularly regarding Central Bank Digital Currencies (CBDC) and proposals for regulating Bitcoin. Therefore, whether he will discuss Bitcoin and its future policies in his inauguration speech has become an important topic of speculation in the market.
Two Key Fluctuations of the Trump Administration
Market sentiment fluctuations caused by the power transition: During this stage leading up to Trump's inauguration, the sentiment in the American market is largely in a wait-and-see state, and investors have high expectations for cryptocurrencies. If Trump expresses support for Bitcoin and cryptocurrencies, especially by proposing clear strategic reserve legislation or other favorable measures in future policies, it will significantly boost market confidence.
The Prospects of Bitcoin Strategic Reserve Legislation: If Trump's government passes Bitcoin strategic reserve legislation, other countries may follow suit. As the global economy faces uncertainty, some central banks and sovereign wealth funds may begin to view Bitcoin as a reserve asset. Considering that the total supply of Bitcoin is fixed while the actual circulating supply is lower, the imbalance between supply and demand will drive up prices.
The Long-Term Trend of Bitcoin
According to the current market environment and expectations for Trump’s administration policies, the long-term trend of Bitcoin shows obvious bullish potential. Especially in the absence of economic recession, if Trump can fulfill his commitments to the cryptocurrency industry, Bitcoin may experience a long-term bull market similar to gold. As Bitcoin is increasingly viewed as a “safe-haven asset” by more and more countries and institutions, its price is expected to rise significantly.
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