I expect the crypto market to continue to rise in the coming weeks. For now, Trump will continue to take a pro-crypto stance, and Biden will do the same in the coming weeks, but eventually Biden should take the opposite approach and become more aggressive. This would fit a scenario where prices continue to rise in the following weeks, but experience a major correction before the election (probably from July to August to November). After that, it will depend on who is elected. If Trump is elected, 2025 should be a very good year for the market. Specifically, Trump has already taken the initiative in acquiring voters from the cryptocurrency world and will continue to do so. In addition to accepting campaign donations in cryptocurrencies, publicly supporting the cryptocurrency industry and promising to release Ross Ulbricht at the beginning of his term, he will most likely announce major tax breaks for users.
According to the data, 14.4% of American adults own or use cryptocurrencies. However, the share of voters who are potential crypto users increases to 22%. This is a considerable proportion, but let us not forget that a large part of this number already supported Trump before these statements, and another large part will not choose to support Trump even in this new way. However, sooner or later, the Democrats will realize that they have lost the battle to capture voters from this field, and out of pride, they may decide that, instead of trying to win the votes of the crypto community, they will take the opposite position and attack the crypto ecosystem even more strongly. Let us not forget that the US government holds about $15 billion in cryptocurrencies, which they will sooner or later sell. First, in order to raise funds and finance their election campaign. Second, in order to try to drive the price down and have more reasons to attack the field. Third, to prevent leaving these assets to the next president, if there is one.
Therefore, it is necessary for the script to first rise to a new high and then wash out and wait for the bull market to start. Let's wait and see! $BTC $ETH #5月市场关键事件
