Analysis: Trump's key economic policies will boost risk assets such as Bitcoin

Odaily News Singapore-based cryptocurrency research firm Presto said in a report on Monday: "Biden's withdrawal opens up the possibility that the U.S. government will take a more constructive stance toward the digital asset industry after November, no matter who enters the White House." Presto added: "Whether Harris or other competitors will go this way remains to be seen, but options that were almost non-existent before are now available." In addition, Lucy Hu, senior analyst at Metalpha, said: "We expect the market to rise because Trump's key economic policy will be lower interest rates and lower borrowing costs. This will definitely boost all risk assets, including Bitcoin. From the mid-term to the 2025 election, we expect Bitcoin to continue to rise." (CoinDesk)