For many investors, it is these commitments that bind #BTC and Trump together. This means that these investors believe that when Trump is elected, these commitments will be fulfilled, so the positive effects have already materialized, and there is nothing further to anticipate.

However, in reality, the presidential power transfer occurs on January 20, and then the commitments will be gradually fulfilled. Therefore, commitments should be viewed as a process, not a result. Betting on commitments also carries risks; it may be more prudent to sell directly after Trump is elected.

Of course, this discussion pertains to short-term investors. For medium to long-term investors, this is not an issue. My personal expectation is that if Trump wins, there are three policies to bet on:

1. SAB121, with a high probability of an opportunity in Q2 2025.

2. ETH spot ETF staking, with a high probability of an opportunity in Q3 2025.

3. FIT21, with a high probability of an opportunity in Q2 2025.

PS: FIT21 is aimed at establishing a regulatory framework for the cryptocurrency market, clarifying the regulatory responsibilities of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). In May 2024, the House passed this bill with a vote of 279 to 136 and is currently awaiting Senate review.