Foreign media: "Trump's victory in the US presidential election will have an impact on the cryptocurrency industry... BTC surpasses $100,000, etc."

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1) Bitcoin to rise above $100,000 It is expected that the price of Bitcoin will continue to rise. However, if Trump's tariffs on China lead to higher consumer prices, interest rate hikes may be discussed again. Such changes could hinder the growth of risky assets like Bitcoin. 2) Tether USDT to benefit... Circle USDC to struggle Considering the relationship between Trump and Cantor Fitzgerald (the manager of Tether's $100 billion US Treasury holdings), Tether is expected to receive positive benefits. There is also a possibility that the investigation into Tether will not proceed with the same enthusiasm as during the Biden administration. As a result, Circle's strategy to catch up with Tether may become even more difficult. 3) Solana to benefit... Fiercer competition with ETH If the leadership of the US Securities and Exchange Commission (SEC) changes, the uncertain regulatory situation around Solana's spot ETF could be resolved. In that case, Ethereum will lose the benefits of being the only smart contract platform with ETF products and regulatory certainty. Due to the leveling of competition, the competition between Ethereum and Solana will become even more fierce. 4) Widespread adoption of various cryptocurrencies 5) Growth of the DeFi market led by Uniswap 6) Dismissal of SEC Chairman Gary Gensler

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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