I have discussed similar topics with my friends before.

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Phyrex
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1 hour ago

I have previously discussed similar topics with my friends. If Trump and the Republican Party were to step down and the Democratic Party took over, would the cryptocurrency market definitely decline?

I don't think so. First of all, it's important to understand that even under the worst conditions, the approval of the $BTC and $ETH spot ETFs in 2024 occurred while the Democrats and Gary were in power. The futures ETF was also approved during the time of the Democrats and Gary in 2021. So, while the Democratic Party may not be as friendly towards cryptocurrencies as the Republican Party, they are not hostile to them either.

Additionally, it's worth noting that even the Democrats, who have little regard for Trump, voted in favor of the stablecoin bill. It can be said that the stablecoin bill itself was developed and promoted collaboratively by both the Democratic and Republican parties. Moreover, the recent CLARITY Act also has a certain bipartisan consensus, with the voting composition being approximately 216 Republicans and 78 Democrats in support.

Not all Democrats support it mainly because of the Republicans and Trump. I don't know if the Democrats will continue to pursue Bitcoin as a strategic reserve after taking power, but regardless of the national stance, several states in the U.S. have already legislated to establish BTC as a strategic reserve.

Finally, I have always believed that the U.S. government serves capital. Currently, whether it's the world's largest BlackRock or Vanguard and Fidelity, they have all entered the cryptocurrency space, with BlackRock being the institution that holds the most BTC and ETH in the U.S.

Therefore, I believe that even if the Republican Party loses in 2028, the cryptocurrency world may not necessarily become worse. In fact, it was during Trump's time that the impact on risk markets was more capricious.

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