The victory of Trump in the elections can stimulate the market of bitcoins and cryptocurrency

Standard Chartered analysts and some cryptocurrency experts believe that Donald Trump's victory in the US presidential elections in 2024 could benefit Bitcoin and the entire crypto market.

The victory of Trump in the elections can stimulate the market of bitcoins and cryptocurrency

During his previous term, Trump was known for his critical position on cryptocurrency, and in 2021, he famously called Bitcoin a "fraud." Однако в последние месяцы бывший президент смягчил свой тон, выразив интерес к этому классу активов.

Этот овевидный дзвиг в токке зрения Трампа привлек внимание криптоналитиков, которые шчитают, что торое "явление" Может создать более благоприятную норамтивную среду для цифровых активов.

Standard Chartered digital asset researcher Jeffrey Kendrick notes that Trump's victory could lead to tighter regulation and the approval of long-awaited spot bitcoin exchange-traded funds (ETFs) in the US. This event is likely to raise investors' confidence and lead to a significant inflow of capital. on crypto market.

On the contrary, the administration of Biden has taken a relatively tough position in relation to digital assets, because the uncertainty of regulation and delays in the approval of ETFs are putting pressure on the market.

In addition, Standard Chartered believes that Trump's presidency can accelerate the trend of dedollarization and lower confidence in the U.S. treasury bond market. In such a scenario, investors can often turn to alternative assets, such as Bitkoin, because they are protected from the financial domination of the United States and the monetization of government debt.

Kendrick notes that the price of Bitcoin has a positive correlation with several potential changes in the US Treasury curve, which once again supports the opinion that the cryptocurrency can benefit from Trump's victory.

Although Bitcoin is often considered apolitical, since its monetary and credit policy is encoded in its software security, the election results can still affect market conditions and regulatory changes in such areas as stablecoins and decentralized finance (DeFi).

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