The idea that the cryptocurrency market will experience a bull market regardless of whether the Democrats or Republicans are in power is nonsense.
Some say that regardless of whether the Democrats or Republicans are in power, the cryptocurrency market can welcome a bull market. However, this is actually a misconception due to insufficient understanding of the current state of the cryptocurrency industry in the United States. In reality, a bull market in the cryptocurrency market is only likely when Trump is president and the Republicans simultaneously control both the Senate and the House of Representatives. We should be thankful that this year Trump and the Republicans secured the presidency and both houses, otherwise, a bull market might really be out of the question. A bull market is created by the influx of money, requiring external capital to flow in. The entry point for funds is banks, but anyone living in the U.S. knows that banks currently avoid cryptocurrency like the plague. Whether it's individuals or businesses, as long as you have a few transactions with cryptocurrency exchanges like Coinbase, the bank may close your account. Even Coinbase itself has had its accounts closed by banks, which reflects the current state of the industry. Although the U.S. does not explicitly prohibit cryptocurrency like mainland China, the practices of banks have kept many newcomers out. While there is no explicit ban, it is certainly not encouraged, let alone welcomed. Banks listen to the Federal Reserve, which is supervised by Congress, and personnel appointments are decided by the president and the Senate. If the president and Congress do not agree, the Federal Reserve will not budge, and banks will not dare to engage with you; it's that simple. So, don't be fooled by those who say that the Democrats and Republicans can both bring about a bull market; there are many complex factors behind this. This is common sense, and it must be understood! #特朗普加密政策承诺 $BTC