·Trump made six major promises to the crypto industry after his election at the Bitcoin 2024 conference last Saturday, including the establishment of a national strategic Bitcoin reserve after his election. And Kamala Harris also seemed to extend an olive branch to the industry. But analysts at Bernstein said that cryptocurrency is "no longer a bipartisan issue" and that Bitcoin and related stocks will benefit from the "Trump deal." The total potential market for the mining chip and hardware industry will reach $20 billion in the next five years. Analysts said that the Bitcoin mining hardware market has historically been dominated by companies such as Bitmain, with a market share of more than 80%. Analysts expect that with the increase in network hash rate and the replacement/upgrade of existing production capacity, the demand for mining equipment will increase by 15-30% annually, because the income from Bitcoin mining will be halved after the halving, and the business opportunities in hardware revenue are expected to be about $3-5 billion per year in the future. (Theblock)