If Trump were to govern again for a hundred days, his policies might have multiple impacts on the cryptocurrency market: 1) Expectations of policy relaxation; Trump supports easing financial regulations, which could promote the clarification of cryptocurrency regulatory frameworks and reduce compliance pressure; 2) Economic stimulus risk appetite; his tax cuts and expansionary fiscal policies could exacerbate inflation, boosting demand for inflation-resistant assets like Bitcoin; 3) Increased volatility of the dollar; uncertainty in trade policies may enhance the attractiveness of cryptocurrencies as alternative value storage tools. However, we must be cautious of his 'America First' stance, which could trigger restrictions on international capital flows, potentially leading to significant short-term market volatility. In the long term, policy relaxation could accelerate the mainstreaming of crypto assets.