Will Trump's promises to the cryptocurrency market come true?
In his major Bitcoin speech in July this year, Trump made a series of striking promises to the cryptocurrency industry. He claimed that if elected, Bitcoin and cryptocurrencies would soar. This includes firing SEC Chairman Gary Gensler on his first day in office, January 20, 2025, and appointing a new chair; keeping every Bitcoin-related job in the United States; appointing a Bitcoin/Cryptocurrency Presidential Advisory Committee to design transparent regulatory guidance within 100 days; supporting American Bitcoin mining; reducing the sentence of Silk Road founder Ross Ulbricht; ending the regulatory hostility towards the cryptocurrency industry and easing cryptocurrency regulations; ensuring there will never be a CBDC during his presidency; asserting that Bitcoin's market cap will soon surpass silver and eventually surpass gold; preventing the occurrence of World War III; guaranteeing that the U.S. government will retain 100% of Bitcoin; eliminating the capital gains tax on Bitcoin; making the U.S. the country with the lowest energy and electricity costs in the world; establishing a strategic national Bitcoin reserve for the U.S. government; ending Joe Biden and Kamala Harris's anti-crypto campaign on his first day in office; and creating a plan to ensure that the U.S. becomes the global cryptocurrency hub and Bitcoin superpower.
Will these promises really come true? At this moment, we do not know, and we can only wait and see. However, it is undeniable that these commitments have created immense possibilities for the cryptocurrency industry. If Trump can truly fulfill these promises, the cryptocurrency market will undoubtedly face significant changes and developmental opportunities. However, political promises are often filled with uncertainty and may face various challenges and obstacles in practical implementation.
In any case, Trump's promises have already sparked widespread attention and discussion. Practitioners and investors in the cryptocurrency industry are closely monitoring the dynamics of the U.S. elections, hoping that these commitments can bring positive impacts to the industry. How the future will develop remains to be seen, so let us continue to pay attention together.
