Crypto Market Analysis and Predictions If Donald Trump Wins and Becomes US President!
2024-10-30
Bittime - Crypto Market Analysis and Predictions If Donald Trump Wins and Becomes US President! As the United States presidential election approaches, the crypto world's attention is focused on the potential impact of a Donald Trump victory on the markets.
What if Trump, with the support of the Republican Party, returns to the presidency?
Would this mean new opportunities or challenges for crypto assets, especially for meme coins and traditional crypto assets?
Also read MAGA (TRUMP) Coin Price Prediction
Impact of Trump's Victory on Crypto Market
According to experts, Trump's victory could bring significant changes to crypto regulation in the US.
Columbia Business School Professor's View
Omid Malekan, professor at Columbia Business School, argues that if Republicans win the election, new rules could emerge, allowing token holders to get benefits such as dividends and fees.
This could potentially reduce investor interest in the meme coin sector, which has been growing in reaction to the SEC's harsh policies.
Venture Capital View
Nic Carter, co-founder of Castle Island Ventures, supports this view, saying that the SEC's more lenient influence under Trump could make investors switch from meme coins to traditional crypto assets.
Crypto Community View
However, crypto bloggers and influencers such as Murad and Cobie argue that the growth of meme coins is driven more by economic factors, not politics, and the effect of the election may not be significant to the sector.
Also read RTR Coin Rumored to Belong to Donald Trump, Really?
Influence on Meme Coins
The meme coin sector grew rapidly in 2024, even jumping more than 1800%. Trump-related meme coins also saw an increase in price and trading volume.
However, according to Malekan and Carter, a reduction in regulatory strictness might suppress demand for meme coins, which have attracted attention due to their popularity as a form of protest against the SEC's harsh policies.
In contrast, Murad and Cobie state that interest in meme coins remains high among ordinary traders as they see meme coins as an interesting speculative tool.
Indeed, the lack of practical value and strategic importance of meme coins in the DeFi sector may make them less desirable in the long run.
Market Predictions for Traditional Crypto Assets
Trump's victory may strengthen the position of traditional crypto assets such as Bitcoin and Ethereum.
With possible changes in SEC policy, investors may see these assets as more attractive investments, especially if the new rules allow for benefits such as dividends and fees.
This advantage could expand the investor base for mainstream cryptocurrencies, which tend to be more stable and have long-term value compared to meme coins.
Conclusion
A Trump victory in the upcoming election could create a new dynamic in the crypto market, with the potential for increased volatility and changing interests among investors.
For Indonesian crypto enthusiasts, following these developments may provide insights into future investment strategies.
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Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
