On November 6, Justin Sun, global consultant of Huobi HTX, said in the discussion "Accompanying the dust to settle in the United States and witnessing BTC's new high" that Trump's coming to power may bring a "180-degree turn" to the Web3 industry. He pointed out that this change will not only bring a more relaxed policy environment, but also promote innovation and mainstream development in the Web3 field, so that the industry is expected to usher in a freer innovation environment and broad support.
During the ticket opening process, Bitcoin broke through $75,000, setting a record high. In this regard, Justin Sun believes that in the context of the current election, the increase in many cryptocurrencies has not yet reached the height it should have. The regulatory pressure in the past four years has led to a shaken internal confidence, and outsiders lack a deep understanding of the industry, exacerbating the information gap. He emphasized that investors should not underestimate Trump's far-reaching impact on the crypto market. Once his policy inclination is clear, the crypto market may usher in a stronger upward momentum. As for the prospects of the industry, Justin Sun said that cryptocurrencies are gradually forming an influence on a global scale and continue to move towards the mainstream at the policy and market levels. In the future, their position in society and politics will become increasingly important.
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