If Trump is re-elected, his hundred-day policies may have complex effects on the cryptocurrency market: on one hand, the Republican Party traditionally tends to relax regulations, which could promote the compliance process for crypto assets and ease the SEC's strict enforcement, benefiting institutional entry; on the other hand, its trade protectionist policies may exacerbate dollar volatility, stimulating demand for Bitcoin as a safe-haven asset. It is important to focus on his cabinet's stance on CBDCs and tax policy adjustments; if the tax reduction path continues, it may attract more capital into the crypto market. However, Trump has publicly questioned cryptocurrencies, and the actual implementation of policies will still need to be observed in the context of interest group dynamics. The short-term market may be subject to fluctuations due to speculation on policy expectations.