The election dust has settled and Trump has been re-elected as President of the United States.
Trump is also the first US president to publicly support Bitcoin and cryptocurrency. BTC is about to open up to the stars.
$75,000, a whole new future.
Let’s first talk about Trump’s 10 promises about cryptocurrency.
1. On the first day of taking office (January 20, 2025), fire SEC Chairman Gary Gensler and appoint a new chairman!
2. Keep every Bitcoin-related job in the United States!
3. Appoint a Presidential Advisory Committee on Bitcoin/Cryptocurrency to design transparent regulatory guidance and complete it within 100 days!
4. Support Bitcoin mining in the United States!
5. Reduce the sentence of Silk Road founder Ross Ulbricht!
6. End regulatory hostility towards the crypto industry and relax crypto regulation!
7. There will never be a CBDC during my presidency!
8. The market value of Bitcoin will soon surpass that of silver, and will surpass that of gold in the future!
9. Prevent the occurrence of World War III!
10. The US government guarantees 100% retention of Bitcoin.
I wonder when he will fulfill these promises?
First of all, we need to know why the price of Bitcoin will rise when Trump’s chances of winning increase?
This is because Trump promised many crypto-friendly policies when campaigning and stood on the side of crypto users, so the market believes that Trump's election will bring new support to the crypto market, thereby driving up the price of the currency.
The current market's main positive factor for Trump's coming to power is emotional. It can also be seen from the perspective of the president's winning rate. The market's rise has already overdrawn Trump's victory in advance.
Based on these factors, I believe that:
After Trump wins, the crypto market sentiment will be released first, driving the price to surge in the short term, but the sustainability is not strong (after all, it is driven by emotions). Then the early profit-taking will start to leave the market, causing the price to fall back, the sentiment will begin to fade, and then it will enter an adjustment period and wait for the market to choose a new direction. (You can refer to the BTC ETF through the market at that time)
After the election, what else can we look forward to?
The election is actually only one factor in the cycle, and it is not even the most important factor. In the trend and cycle, we can also foresee:
The impact of the BTC halving cycle often occurs during the election period.
FASB will officially take effect in December 2024.
There will inevitably be a resubmission of SAB121 in 2025, and this time the pass rate will be very high.
More importantly, the Federal Reserve’s monetary policy has shifted from monetary tightening to monetary easing.
These are things that will happen in Q4 of 2024 and Q1 of 2025. Even the monetary policy itself is a continuous one. The loose monetary policy will make investors' risk appetite continue to increase, which will be of great help in stimulating liquidity in the market.
We will have an unprecedented bull market in the future, with Trump + Musk being pro-crypto and CZ returning as the luxurious bull market. We will meet at the top!
