Americanization of Bitcoin manufacturing? Trump hopes that BTC manufacturing will be transferred to the United States

Trump's election probability is 56%, while Biden's election probability has dropped to 35%

What impact will the unexpected decline in the US CPI in May have on the market

Since Trump has tasted the sweetness of crypto voters, he is now playing more and more out of control. In a Truth Social post on June 12, he expressed his support for Bitcoin mining. Trump said that he would protect the rights of citizens in the Bitcoin industry. Biden's hatred of BTC will only help Russia and the radical communist left. He hopes that all remaining Bitcoins will be made in the United States. In addition, Trump has stated on many occasions that he plans to build BTC mining infrastructure in the United States to attract Bitcoin miners and related industries to the United States by reducing energy costs and providing tax incentives. He also promised to support the cryptocurrency industry after his election and attract new voters by accepting cryptocurrency donations.

In addition, there is another thing that the market reacted to today, which is #美国5月CPI超预期回落 . According to Investment Week, the annual rate of the US Consumer Price Index (CPI) fell to 3.3% in May 2024, the lowest level since the beginning of 2021. The core inflation rate was 3.4%, lower than the expected 3.5%.

Many people may not understand CPI. Let me explain to you here that the Consumer Price Index (CPI) is the main indicator for measuring inflation. It reflects changes in the cost of living by tracking changes in the prices of a basket of goods and services. It can affect the formulation of monetary policy, wage growth and social welfare adjustments. High CPI usually indicates that the economy is overheating and may trigger interest rate hikes by the central bank, while low CPI may lead to interest rate cuts to stimulate the economy.

The inflation rate in the United States has eased, and the market has responded positively. The market has been affected by a large pull-up in the evening. The short-term pressure line of the market has reached 70,300. If the big cake can stabilize at this position, there will be greater room for breakthrough. Interestingly, Trump's support for cryptocurrency seems to have increased his chances of being elected. On Polymarket, a leading cryptocurrency prediction platform, Trump's probability of winning is 56%, while Biden's probability of winning has dropped to 35%. $BTC #美联储何时降息？ #特朗普