I just had a conversation with a big shot, and he told me a perspective that makes a lot of sense. The decline of the US stock market and Bitcoin is actually a game between the financial backers of the Democratic and Republican parties. The rise of the US stock market during Biden's term benefited the Democratic party's financiers. Now that the Republicans are coming into power, the narrative logic of the stock market and risk assets needs to re-enter the interests of the Republican group. The current decline of the US stock market is a necessary phase of large-scale portfolio adjustment.

Trump is actually taking over a mess. The scale of US debt is enormous, leaving little room for fiscal stimulus for the Trump administration. If the pace continues as it was during Biden's time, the US debt might soon exceed $50 trillion. Therefore, Trump must first address the space for fiscal stimulus before he can start implementing his governance policies. The Trump administration will definitely pay attention to the US stock market, but currently, Trump needs to apply a bloodletting therapy to the stock market to ensure that in the future, the interests of the Republican party can take the largest share; otherwise, any market rally would not be sustainable. $BTC $ETH