From Nasdaq

November 20, 2024 08:01:44 AM:

1. President-elect Donald Trump campaigned on a pro-crypto platform, promising a national crypto stockpile and elevating crypto cheerleaders like Elon Musk. Investors anticipate a shake-up in the crypto markets with Trump’s support.
2. The expectation is that Trump’s pro-crypto stance is genuine, leading to soaring gains in the crypto markets. Bitcoin surged to over $91,000 after Trump’s victory, up 80% on the year.
3. Trump’s policies could affect crypto investors’ wallets through tax implications. Lower capital gains taxes under Trump could make crypto investments more attractive.
4. A second Trump term could bring regulatory clarity and confidence to the crypto industry. Trump’s policies aligning with fostering innovation could boost the industry globally.
5. The crypto industry anticipates more favorable regulations under Trump, following a hostile environment under Biden’s administration. Trump’s promise to fire SEC chair Gary Gensler is seen as a positive change for the industry.

Read more at Nasdaq: What Trump’s Win Means for Your Crypto