Trump's election plans to include BTC in the national strategic reserve: good for BTC, skeptical of ETH
2024-11-07 11:51
Odaily News With the election of Trump, the sentiment of the global cryptocurrency market has changed significantly. Many experts generally believe that Trump's policy of embracing BTC will have a positive impact on BTC and is expected to promote its adoption as a national strategic reserve. However, he has not shown the same interest in Ethereum (ETH), and even explicitly expressed his skepticism about its development prospects on some occasions, which is undoubtedly a lost moment for long-term holders of ETH. Under Trump's leadership, the crypto market will return to the preference for BTC's value storage attributes, while ETH's decentralized applications and smart contract functions may face greater regulatory pressure. In particular, after ETH switched from proof of work (PoW) to proof of stake (PoS), it not only led to a split in the community consensus, but also caused the coin price to remain sluggish for a long time, significantly reducing its market appeal. Many experts believe that for the cryptocurrency market led by BTC, Trump's election is undoubtedly a shot in the arm, but current ETH holders need to re-evaluate their holdings, and long-term holders may need to significantly reduce their holdings to cope with future market fluctuations. With a large number of holders reducing their holdings, the price of ETH is bound to face drastic fluctuations. Investors should pay close attention to market trends and adjust strategies in a timely manner to seize upcoming opportunities and challenges.
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