Let me add my feelings about Trump's speech at the US Crypto Conference in the early morning.
Although the conference mentioned more enjoyment in the future and support for encryption,
But this may not necessarily make the crypto market pay for it.
To be fair, for Trump's current various promises to support encryption, do we really believe that he will fulfill them one by one when he takes office?
Most people know that the United States is a federal country, and its rights are also subject to checks and balances by three parties. In this environment, many of Trump's promises can only represent his own wishes. Even if he becomes president, many proposals still have to wait for parliament and Congress to vote and approve, so Trump also understands, and everyone must understand.
So most of the crypto's expectations for Trump's coming to power are expected, and they are all expecting Trump to bring explosive news at this stage to make the crypto market soar.
At the crypto conference in the early morning, Trump took the stage, and the camera was given to the audience many times. Many people were staring at their mobile phones. What were they looking at? I don't need to say more.
Too many people are waiting for Trump to take office to trigger a rise, so too many people are more concerned about what future expectations Trump will release to boost the market. Obviously, from this perspective, I think Trump's speech in the early morning is conservative. This speech is more like a speech to canvass votes for crypto supporters, rather than the FOMO of a person who actually holds cryptocurrencies.
So I think Trump's speech this time is lower than the market's expectations. I have a hunch that it may affect the fluctuation or even decline of his support rate among crypto enthusiasts in the United States.
Of course, overall, Trump is still the presidential candidate who understands crypto the most, and the crypto market can only bet on optimism after he takes office.
In the long run, Trump's attitude is still good for the crypto market, but it may not meet market expectations in the short term.
