CandleFocus It’s Morning in America for Crypto
2024-11-16
Author: Content Editor
The editorial suggests that Trump's second term could bring significant changes for the crypto and blockchain industry. The author highlights the pro-crypto sentiment in the new Congress, with a record number of pro-crypto candidates elected. The author also predicts that defi coins and SEC coins may benefit the most from Trump's victory. From a technical perspective, there appears to be a trend change for bitcoin, with a breakout from a range-bound period. The regulatory trend could also shift, with the potential appointment of a pro-crypto candidate as SEC chair. The author expects Trump's fiscal policy to be more accommodative, potentially leading to larger deficits and inflation, which could benefit assets like bitcoin and crypto. Overall, the article suggests that Trump's presidency could be transformative for the crypto industry.
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