Trump has dropped another big bombshell

Fannie Mae and Freddie Mac are not small players in the U.S.; they are integral to American citizens buying homes and the mortgage interest rates behind them. Previously, due to the 2008 financial crisis, they were taken over by the government for over a decade, and now Trump wants to return them to the market, aiming directly for a $500 billion valuation—this is a big deal.

In my view, Trump's desire to bring Fannie Mae and Freddie Mac back to the market is actually a very interesting signal.

First of all, this is not just a real estate news; it represents the U.S. wanting to attract capital in the way of storytelling. The largest IPO in history, targeting a $500 billion valuation, means that global funds, fund managers, pension funds, and sovereign wealth funds will be drawn in, which may temporarily create a blood-sucking effect on the U.S. stock market. This means that funds originally flowing into crypto might first chase this large-cap stock opportunity.

But don’t be too quick to short. Real estate and crypto might seem unrelated on the surface, but in the U.S. market, liquidity is one pool. If the market performs explosively post-IPO, and the Federal Reserve cooperates with interest rate cuts, the speed of capital inflow will be rapid, risk appetite will be ignited, and it could drive $BTC, $ETH, and even the #meme sector to heat up together. After all, the logic of hot money is to go where it can make money, and once it earns, it will chase higher volatility assets.

Additionally, if this IPO stimulates the recovery of the U.S. housing market and improves American household balance sheets, there will be more money in retail investors' pockets, and they will be more willing to play with assets, which may indirectly benefit the crypto market.

To summarize my judgment:

1. Short-term: Before the IPO, it may siphon off some market liquidity, slightly suppressing cryptocurrency prices.

2. Mid-term: If the IPO performs well and the U.S. stock market heats up, risk appetite may rise, and the crypto market could enjoy spillover benefits.

3. Long-term: It depends on the health of the real estate market; if the housing market is too fragile, it may lay the groundwork for financial risk, posing a black swan threat to the crypto market.