Trump's policy is a great boon for the crypto market, with direct impacts:
• More money will flow in: There is a massive amount of funds in U.S. 401(k) retirement accounts, and once cryptocurrency investments are allowed, even a small portion entering would amount to hundreds of billions or even over a trillion dollars. This influx of money will drive up the prices of mainstream cryptocurrencies like Bitcoin and Ethereum.
• People will be more willing to buy: If even retirement accounts, which typically seek stability, can invest in cryptocurrencies, it indicates that its 'legitimacy' has made significant progress. Ordinary investors will feel more confident, and institutions will be more willing to participate, significantly boosting market confidence and increasing trading activity.
• The industry will become more regulated: With so much capital entering, it will inevitably push the crypto industry to become more orderly—such as improving safe storage and trading regulations. In the long run, this can reduce chaos and lead to a more mature overall market.
In summary, it is about injecting money into the crypto market, boosting confidence, and promoting regulation. In the short term, prices may rise, while in the long term, the industry can develop more steadily. $BTC #下一任美联储主席人选 $ETH #美国加征关税