Trump's inauguration is a signal of positive developments!!! The bull market has peaked!
If Trump changes his mind after taking office, and directly shifts to taxing cryptocurrencies while imposing various regulations, such as only allowing coins that are on the ETF list to be legal but banning altcoins, and only allowing exchanges regulated by the U.S. to operate while deeming exchanges like OKEx and Binance illegal, and so on.
Then wouldn't the crypto market be doomed? Currently, it seems beneficial that Bitcoin is legal, but in the long run, it would mean that the capital market is controlled by the U.S.
It would fully become like the U.S. stock market, turning the crypto space into a backyard of the U.S. stock market, or even Trump's backyard!
Leaving politics aside, China does not have BTC reserves, so apart from the large BTC held by whales, almost all other BTC is in the hands of Americans and pro-U.S. factions. At that time, wouldn't the policies related to the crypto market be dictated entirely by Trump?!
The cost of complete legalization is complete centralization, so what is the meaning of crypto's decentralization?? Wouldn't this so-called "great" social experiment turn out to be just a game for the U.S.…
Trump's embrace of crypto is not for the sake of building; he is essentially a businessman. I have also written about the reasons behind the issuance of Trump in my previous articles (those interested can go take a look).
Capitalists are always profit-driven, and he is a redneck capitalist. The U.S. foreign debt still needs him to save it, so after taking office, harvesting crypto to save the U.S. is most likely what he would do…
