隨著唐納德·川普重返白宮，比特幣（BTCUSD）創下歷史新高

比特幣（BTCUSD）在 11 月 6 日亞洲交易時段早盤創下歷史新高

Bitcoin (CRYPTO: BTCUSD) hit a new all-time high in the early hours of the Asian trading session on Sunday as the first results of the U.S. Presidential elections started to hit the wires and it became increasingly clear that Donald Trump would return to the White House.

比特幣（加密貨幣：BTCUSD）在周日亞洲交易時段早盤創下歷史新高，因為美國總統選舉的第一批結果開始公佈，而且越來越明顯的是唐納德·特朗普將重返總統寶座。 。

According to Coinbase, BTCUSD closed at 75,645 on Sunday, up from the previous record of 73,835. Since then, Bitcoin has been hitting new all-time highs essentially every single day. Overall, it has risen by more than 30% since November 5.

根據 Coinbase 的數據，BTCUSD 週日收在 75,645，高於先前的記錄 73,835。從那時起，比特幣基本上每天都創下歷史新高。總體而言，自11月5日以來上漲了30%以上。

The stocks of companies either directly or indirectly involved in cryptocurrencies, such as Nvidia (NASDAQ:NVDA) and MicroStrategy (NASDAQ:MSTR), also marched higher in response to election results.

Nvidia (NASDAQ:NVDA) 和 MicroStrategy (NASDAQ:MSTR) 等直接或間接參與加密貨幣的公司的股票也因選舉結果而走高。

Such a favorable market reaction to Trump’s victory stems from investors’ belief that his Administration, coupled with a friendly Congress, will effectively deregulate the crypto industry, facilitate its expansion and implement a coherent regulatory framework that will serve investors and consumers for years to come.

市場對川普獲勝的如此積極的反應源於投資者相信他的政府加上友好的國會將有效地放鬆對加密貨幣行業的管制，促進其擴張並實施一個連貫的監管框架，該框架將在未來幾年為投資者和消費者服務。

It should be said, argues Kar Yong Ang, a financial market analyst at Octa broker, that this belief is not without foundation. Trump has managed to lure many crypto fans to his side with his bold moves, clear views and a strong focus on deregulation.

Octa經紀商金融市場分析師Kar Yong Ang認為，應該說，這種信念並非沒有根據。川普以其大膽的舉動、清晰的觀點和對放鬆管制的強烈關注，成功吸引了許多加密貨幣粉絲站在他這邊。

Indeed, as Octa explained in some of its previous articles, Trump has been a lot more explicit in his support of crypto than Kamal Harris. Unsurprisingly, many crypto enthusiasts, as well as some serious crypto investors, supported Trump over Harris.

事實上，正如 Octa 在之前的一些文章中所解釋的那樣，川普比 Kamal Harris 更明確地支持加密貨幣。毫不奇怪，許多加密貨幣愛好者以及一些認真的加密貨幣投資者支持川普而不是哈里斯。

For example, in a rather bold move, Donald Trump attended a Nashville Bitcoin conference in July, where he advocated for creating a federal Bitcoin reserve and highlighted the importance of attracting more Bitcoin mining operations to the United States.

例如，唐納德·川普在7 月出席了納許維爾比特幣會議，採取了相當大膽的舉措，他在會上主張建立聯邦比特幣儲備，並強調了吸引更多比特幣挖礦業務到美國的重要性。

Another crypto-friendly gesture was Trump’s alleged promise to fire Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), whom many in the cryptosphere regard as an adversary due to his numerous lawsuits against crypto projects. Under a new leader appointed by Donald Trump, the SEC could potentially provide a more favorable regulatory environment for digital assets.

另一個對加密貨幣友好的姿態是川普據稱承諾解僱美國證券交易委員會（SEC）主席加里·詹斯勒（Gary Gensler），由於他對加密項目提起了大量訴訟，許多加密貨幣界人士將其視為對手。在唐納德·川普任命的新領導人的領導下，美國證券交易委員會有可能為數位資產提供更有利的監管環境。

Furthermore, now that Republicans are in full control of both the Senate and the House of Representatives, Donald Trump has a door wide open to push forward his agenda. This is what the official 2024 Republican Party Platform said about crypto:

此外，既然共和黨完全控制了參議院和眾議院，唐納德·川普就有了推進他的議程的大門。這是 2024 年共和黨官方政綱關於加密貨幣的說法：

“Republicans will end Democrats’ unlawful and un-American crypto crackdown and oppose the creation of a central bank digital currency. We will defend the right to mine Bitcoin and ensure every American has the right to self-custody their digital assets and transact free from government surveillance and control.”

「共和黨人將結束民主黨人非法且不符合美國精神的加密貨幣鎮壓，並反對創建央行數位貨幣。我們將捍衛開採比特幣的權利，並確保每個美國人都有權自行保管自己的數位資產，並在不受政府監視和控制的情況下進行交易。

Needless to say, the new Congress is a lot more likely to enact legislation favorable to the crypto industry.

不用說，新國會更有可能頒布有利於加密產業的立法。

“As things currently stand, I believe there is every reason to expect the approval of more crypto-focused ETFs [exchange-traded funds] that, for example, may be based on other cryptocurrencies, like Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP). Who knows, we might even get a Dogecoin (CRYPTO: DOGE) ETF. Why not? Dogecoin is Elon Musk’s favorite crypto token, and Elon certainly has some weight on Trump’s team,” said Kar Yong Ang, a financial market analyst at Octa broker. Interestingly, according to CoinmarketCap, the value of Dogecoin has more than doubled since November 5.

「就目前情況而言，我相信有充分的理由期待更多以加密貨幣為重點的ETF [交易所交易基金] 獲得批准，例如，這些ETF 可能基於其他加密貨幣，如Solana (CRYPTO: SOL) 和XRP (加密貨幣：XRP）。誰知道呢，我們甚至可能會獲得狗狗幣（加密貨幣：DOGE）ETF。為什麼不呢？狗狗幣是伊隆馬斯克最喜歡的加密代幣，伊隆在川普團隊中肯定有一定的影響力。有趣的是，根據 CoinmarketCap 的數據，自 11 月 5 日以來，狗狗幣的價值增加了一倍以上。

Major Crypto Coins Performance in 2024 (31 December 2023 = 0)

2024 年主要加密貨幣表現（2023 年 12 月 31 日 = 0）

Source: Octa Trader calculation based on Refinitiv data

資料來源：Octa Trader 基於 Refinitiv 數據計算

Regulatory easing triggers innovation, and more crypto products may enter the mainstream financial markets. This could potentially lead to increased institutional investment in cryptocurrencies, as ETFs provide a more accessible and regulated way for investors to gain exposure to the market.

監管放鬆引發創新，更多加密產品可能進入主流金融市場。這可能會導致機構對加密貨幣的投資增加，因為 ETF 為投資者提供了一種更容易獲得和更受監管的方式來獲得市場曝險。

Despite the recent price surge and record-high valuations, Bitcoin remains in demand. On Monday, MicroStrategy disclosed that it had added 52,000 Bitcoins to its portfolio worth $4.6 billion over the last week, marking the largest purchase in the company’s history.

儘管最近價格飆升且估值創歷史新高，但比特幣的需求仍強勁。週一，MicroStrategy 透露，上週已向其投資組合添加了 52,000 個比特幣，價值 46 億美元，這是該公司歷史上最大的購買。

The key question now is—can the rally continue?

現在的關鍵問題是──反彈能否持續？

Kar Yong Ang, a financial market analyst at Octa Broker, has this to say: “Franky, I’m beginning to have a bad feeling about this naked optimism. Euphoria rarely ends well, and this euphoria has been going on for a bit too long now. When expectations run high, the risk of a major disappointment rises, and I think we might see increased volatility in Bitcoin with perhaps a major downward correction around the corner. At the same time, the long-term future looks bright, especially if the Trump administration does go ahead with its plan to establish a federal Bitcoin reserve.”

Octa Broker 的金融市場分析師 Kar Yong Ang 表示：「Franky，我開始對這種赤裸裸的樂觀情緒產生不好的預感。欣快感很少有好的結局，而且這種欣快感已經持續太久了。當期望很高時，出現重大失望的風險就會上升，我認為我們可能會看到比特幣的波動性加大，可能即將出現重大的向下修正。同時，長期的未來看起來是光明的，特別是如果川普政府確實繼續實施建立聯邦比特幣儲備的計劃的話。

The exact mechanics of creating this new national Bitcoin reserve remain unclear. Still, if the U.S. government were to start acquiring Bitcoin through open market purchases, the potential upside for the cryptocurrency could be enormous. Also, the

創建這個新的國家比特幣儲備的確切機制仍不清楚。儘管如此，如果美國政府開始透過公開市場購買來獲取比特幣，這種加密貨幣的潛在上漲空間可能是巨大的。另外，