Trumps Victory Odds Surge Cryptocurrency Faces a Major Turning Point Analyzing the Profound Impact of the US Election on Digital Asset Investment

CoinWorld reports:
As the world closely watches the 2024 U.S. presidential election, this political contest will not only impact the global political and economic landscape but may also reshape the future trajectory of the cryptocurrency market. Recently, we had the privilege of interviewing blockchain and cryptocurrency investment expert Kayden, delving into the potential effects of the U.S. election on the cryptocurrency market.



Election Situation and Candidate Positions
Currently, the U.S. election is primarily focused on the showdown between Republican candidate Trump and Democratic candidate Harris. According to the latest polls, Trump’s approval rating has reached 66%, while Harris stands at around 30%, indicating a shift in favor of the Republican Party.
It is noteworthy that cryptocurrency voters are emerging as a force that cannot be ignored. Survey data shows that 62% of young voters believe that cryptocurrency represents the future of finance. More strikingly, among cryptocurrency voters, 9 out of 10 registered voters indicate they will vote in November, a ratio four times that of other groups.
Trump’s camp not only verbally supports the development of cryptocurrency but has also taken concrete actions by investing in cryptocurrency, with his personal holdings amounting to approximately $9 million in crypto assets. His running mate, former venture capitalist Vance, has also made investments in the cryptocurrency space, including Bitcoin ETFs. The Republican Party has clearly stated its intention to defend Bitcoin mining rights, end the current government’s strict regulations on cryptocurrency, and oppose the establishment of a central bank digital currency.
As a potential successor to Biden as the presidential candidate, Harris has recently adjusted her stance, expressing support for cryptocurrency investment and promising to increase investment in the artificial intelligence and cryptocurrency sectors if elected. This indicates that the Democratic Party has also recognized the importance of cryptocurrency voters.



Market Impact Analysis
The market has begun to trade on the expectations of a Trump victory, with Bitcoin prices nearing a historical high of $74,000. However, Kayden warns investors to be cautious of high position risks: “Regardless of the election outcome, the market may enter an adjustment period post-election. Investors should not blindly chase highs but focus on effective risk management.”
Kayden also added that if Trump wins, the U.S. cryptocurrency market may welcome new developmental opportunities. The regulatory environment is expected to improve, with a potential change in the current SEC chair, leading to more favorable regulatory policies. An improved innovation environment will provide better conditions for development, attracting high-quality projects from around the world. These changes will help strengthen the U.S.’s leadership position in the global cryptocurrency field.
Nonetheless, the market still faces numerous uncertainties. Risks of U.S. economic recession, concerns about the debt crisis, and fluctuations in global geopolitical situations may all impact the development of the cryptocurrency market, and investors need to remain vigilant to these risk factors.



Investment Strategy Sharing
Based on the current market situation, Kayden believes that attention should be focused on the Bitcoin ecosystem, particularly Bitcoin Layer 2 solutions and staking projects, as these innovative applications are likely to achieve significant development in the future.
In project selection, Kayden particularly emphasizes investment opportunities in U.S.-based projects: “If Trump is elected, a large number of high-quality U.S. domestic projects may emerge over the next two years, especially some well-established projects that have yet to issue tokens may choose to do so after regulatory easing. These are investment opportunities worth noting.”
In terms of risk management, he advises avoiding chasing prices at high levels, taking profits at appropriate times, and maintaining a diversified investment portfolio, while ensuring sufficient cash reserves. “The market has been rising for a long time; investors should approach each investment decision with rationality.”
Conclusion
The 2024 U.S. presidential election will undoubtedly be a significant turning point for the cryptocurrency market. Regardless of the election outcome, this emerging market will continue to evolve and develop. For investors, it is essential to seize the opportunities presented by policy changes while remaining alert to various potential risks, maintaining a balanced investment strategy in a dynamic environment