Opinion: With Trump's victory, more virtual asset policies may be relaxed soon
Kwong Tsz Shan, a member of the International Association of Financial Planning and Finance, said that with the victory of US President Trump, all asset categories related to the "Trump deal" are expected to rise, and industries such as finance, defense, industry, technology, and cryptocurrencies in the United States are expected to benefit. One of the highlights of the "Trump deal" is that he has always been friendly and supportive of cryptocurrencies. He has even stated that if he wins, he will establish a bitcoin reserve for the United States. It can be seen that with Trump's support, bitcoin is expected to soar and hit a new historical high. In addition, at the beginning of the year, the US Securities and Exchange Commission announced the approval of the issuance of bitcoin ETFs, and in April, the four-year halving of bitcoin was completed. In addition, a UK retirement pension consulting company announced that the first UK retirement fund will allocate bitcoin, indicating that the future trend of bitcoin is generally optimistic among professional investment institutions. It is expected that more professional investors will participate through overseas virtual asset spot ETFs, and therefore, relaxing more virtual asset policies is just a matter of time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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