If Trump wins over Kamala Harris in a future election and is re-elected president of the United States, this could have a positive impact on the global bitcoin market. Trump’s economic policies and market-oriented stance are generally considered favorable to free market development. In particular, during his tenure, tax cuts and reduced financial regulation have led to a boom in capital markets, and such policies may also provide a favorable environment for the growth of digital assets such as bitcoin.
As a decentralized asset, Bitcoin’s value is often affected by global political and economic uncertainty. If Trump wins the election, he may adopt a more relaxed regulatory policy and reduce restrictions on the cryptocurrency industry. This move will likely attract more capital into the Bitcoin market, driving up the price.
In addition, Trump has tended to criticize the Federal Reserve’s monetary policy, particularly in terms of interest rate policy and quantitative easing. If he continues to push for policies that weaken the dollar, investors may turn to non-dollar assets like bitcoin as a hedge against inflation and a falling dollar.
However, it is important to note that the global bitcoin market is highly volatile and the market’s reaction to any political event is complex. Therefore, while a Trump victory may generate positive expectations, the long-term market impact remains to be seen.
