QCP Capital: The strong bullish momentum of Bitcoin will continue until 2025
QCP Capital stated that since its inception in 2009, the price of Bitcoin (BTC) has soared to new highs during the last three US election cycles, and the price has never fallen back to the pre-election level. Therefore, although Trump's policies may reduce the probability of rate cuts, the market expects 1.8 rate cuts this year and another 3 next year.
Trump's promise to fire the SEC chairman sparks market speculation about his successor
During the campaign, Trump stated that he would fire SEC chairman Gary Gensler after becoming US president, which has sparked market speculation about his successor. It is believed that SEC commissioner Hester Peirce could be the most likely candidate for the chairman position. Peirce is known for being crypto-friendly, and she has criticized the SEC's enforcement approach, advocating for the development of clear regulations to better serve the public interest and strengthen the US's position in the global digital finance field.
Bitcoin's market cap surpasses Meta, becoming the world's 9th largest asset
On November 6, Bitcoin's market cap officially surpassed Meta's market cap, becoming the world's 9th largest asset by market value.
Republican control of the Senate is sufficient to promote crypto-friendly regulations
The Republicans' control of the Senate, achieved by winning key seats in Ohio and West Virginia, is sufficient for them to formulate and establish a favorable regulatory environment for the cryptocurrency industry. Fideum CEO Anastasija Plotnikova pointed out that more than 240 candidates supporting cryptocurrencies were elected to the House and Senate, which can greatly promote innovation and competitiveness in the US cryptocurrency industry.
Former White House staff: Democrats will no longer fight cryptocurrencies to the bitter end
Justin Slaughter, Paradigm's policy director and former SEC advisor, posted on the X platform that a former Biden White House staff member said that Democrats will no longer fight cryptocurrencies to the bitter end. The staff member pointed out that Democrats have more pressing concerns and acknowledged that the performance of cryptocurrencies has shown greater resilience than initially expected.
JPMorgan: The Fed may start a quarterly rate cut plan in 2025
On November 7, JPMorgan revised its forecast for the Fed's interest rates in 2025, with the latest prediction indicating that the Fed may start cutting rates quarterly starting from March 2025, in contrast to the previous forecast of a total 100 basis point decline this year. Disclaimer: The information provided in this section is for reference only and does not constitute any investment advice or official position of FameEX.
