Joe Biden withdrew from the elections! So what does this mean in global markets, especially crypto assets?

For the last year or so, the entire community has been searching for a reason for a new bull season.#BitcoinETF approval, halving,#EthereumETF approval and interest rate cuts... Although it is not talked about at all, I think the expected reason will be "Trump Trade".

Following Donald Trump's victory in the 2016 election, markets were painted green for quite some time, with US stocks, treasury yields and the dollar rising. So people want to see a second “Trump Trade” move if Trump wins the election.

In addition, recent news such as Trump's positive change in his opinion on cryptocurrencies and his consideration of appointing Blackrock CEO Larry Fink as the head of the Treasury will be signals of a bull season that will be experienced with the Trump Trade effect in crypto markets.

I think and hope that similar news will emerge over time and some of them will come true, and on the other hand, it is inevitable that the FED will cut interest rates, and that good days will await us all from the last quarter of 2024.