Associations triggered by Trump’s support for crypto assets

Source: Daoshuo Blockchain

Recently, a piece of news about Trump's support for crypto assets has been hyped up online.

The story is probably like this:

At a recent public rally, Trump called on Americans who support crypto assets to vote for him, and he also said that he welcomes donations from crypto assets.

At this rally, Trump mocked the current president for knowing nothing about crypto assets, and also criticized the Democratic Party for being unfriendly to crypto assets.

A young man at the scene asked the former president:

Smart people in the crypto field in the United States are moving their businesses away from the United States because they are afraid of the US government's hostility towards crypto assets. How will he stop this?

Before the young man finished speaking, Trump said: He doesn't want this, if the United States wants to embrace crypto assets, it must keep these people in the United States.

As soon as the voice fell, the audience burst into applause, and the young man also smiled happily.

In fact, Trump's attitude towards crypto assets has only changed in the past two years.

At first, he had clearly opposed crypto assets because he once believed that crypto assets would weaken the international status of the US dollar. But now countless facts have shown that crypto assets have not weakened the status of the US dollar, but have become another new field where the US dollar has pricing power.

So at least the problem that Trump is worried about does not exist.

In addition, I think the more important point is:

Trump himself has benefited a lot from crypto assets: his team issued NFTs twice on Polygon and earned about tens to millions of dollars-------the profit is small, but the publicity for his publicity is big.

This move is more to attract young people and canvass votes for his next election.

For such a "meticulous" businessman who is determined to run for election again, he has clearly calculated the gains and losses brought to him by crypto assets.

So it is not an exaggeration to say that he is so friendly to crypto assets now that "the butt determines the head".

I believe that if he is really elected, these promises will most likely be implemented.

A few months ago, several major polling organizations in the United States evaluated multiple candidate options that may eventually face off from more than a dozen angles, and these results all showed that Trump was far ahead of his Democratic opponent in the polls.

So as long as Trump does not go to jail or there is no black swan-like accident before the election, his chances of being elected are greater than his opponent.

If this speculation comes true, it is conceivable that after he is elected in the future, the chairman of the US Securities and Exchange Commission will most likely be replaced by a new leader who is friendly to crypto assets.

That will be good for the entire crypto ecosystem, especially the approval of the Ethereum spot ETF.

In my opinion, Grayscale's recent withdrawal of its application for the Ethereum spot ETF shows that as long as the current chairman is still in office, it will be difficult for the Ethereum spot ETF to pass during his tenure.

So I think if we expect to see the benefits of the Ethereum spot ETF passing, the biggest possibility is after Trump's election.

I remember that in the last Twitter exchange, I once said a conjecture: I imagine that the next round of bull market will probably last between March and August 2025.

If Trump is elected and officially takes office as president on January 20, 2025, the Ethereum spot ETF is likely to be passed sometime between March and August next year.

If this positive news is released at that time, it will trigger external funds to pursue crypto assets, especially Ethereum, which will probably be a large wave of funds in the bull market that will help the entire market reach its peak.

And this positive news is also likely to push up the current relatively low price of Ethereum, thereby pushing up the price of Ethereum to Bitcoin from the current 20 Ethereum for 1 Bitcoin to about 15 Ethereum for 1 Bitcoin.

Of course, what I wrote above is purely a conjecture, just as a little entertainment in the boring market.