Trump's assumption of office was not a good time, at least for the president, as his predecessor Biden left behind a huge mess. In addition to the historical burdens accumulated over the years, there is a $36 trillion national debt, a federal budget deficit of $1.8 trillion, 420,000 federal employees working from home, a large number of illegal immigrants, unsustainable judicial reforms, and ongoing sanctions against Russia. Faced with this mess, Trump had to implement sweeping reforms, with cost-cutting becoming key. First, he had his close associate Musk publicly reduce internal government spending; second, he raised tariffs to generate revenue and reform; third, he couldn't allow poor relatives to leech off him, which pointed to a ceasefire between Russia and Ukraine as well as an increase in EU military spending. In the long term, a series of combined actions could yield predictable results, streamlining government agencies could reduce government spending, managing the borders could widen national security boundaries, and increasing tariffs could decrease the trade deficit and bring money back to the U.S. However, reforms often mean bleeding, and the pain of adjustment is unavoidable; the period of adjustment has just begun, and the market is struggling. Currently, all currencies are gradually warming up; is this warming a short-term rebound or a precursor to a reversal? From the current situation, despite the frequent positive news, voices including Trump's have already had a hard time influencing the crypto market, which lacks self-sustaining capabilities and needs external liquidity injection rather than any verbal policy benefits. Regardless, under the influence of external economic conditions, tariffs, inflation, and geopolitical factors will all affect the crypto market. For investors, besides waiting, perhaps waiting is all they can do.
