週二晚些時候，隨著川普總統將贏得選舉，加密貨幣市場開始活躍起來

任何一位候選人都可能對加密產業有利，這導致今年加密貨幣價值上漲

The crypto market finally reacted on Tuesday night as it became clear that President Trump would win the election. It was likely that either candidate would have been good for the crypto industry, which has led to a rise in crypto values this year, but this may have been a best-case scenario for policy changes.

隨著川普總統明顯將贏得大選，加密貨幣市場終於在周二晚上做出了反應。任何一位候選人都可能對加密產業有利，這導致了今年加密貨幣價值的上漲，但這可能是政策變化的最佳情況。

Bitcoin (CRYPTO: BTC) was the biggest winner from a valuation perspective, climbing 11.3% in the past week as of 3 p.m. ET to a $1.52 trillion market cap. But Ethereum (CRYPTO: ETH) was up 18%, and Dogecoin (CRYPTO: DOGE) jumped 22.6% in that time, according to data provided by S&P Global Market Intelligence.

從估值角度來看，比特幣（CRYPTO：BTC）是最大贏家，截至美國東部時間下午 3 點，過去一周上漲 11.3%，市值達到 1.52 兆美元。但根據標準普爾全球市場情報提供的數據，以太坊（加密貨幣：ETH）上漲了 18％，狗狗幣（加密貨幣：DOGE）在同一時期上漲了 22.6％。

Here's a look at what happened in crypto this week and what's next.

以下是本週加密貨幣領域發生的事情以及接下來的事情。

The election and policy changes ahead: The last four years have been frustrating for cryptocurrency enthusiasts and developers because the regulatory environment has been uncertain, at best. Instead of outlining clear rules, both Congress and the U.S. Securities and Exchange Commission (SEC) have left rules in a gray area and only enforced with legal charges once companies release products.

未來的選舉和政策變化：過去四年對於加密貨幣愛好者和開發人員來說是令人沮喪的，因為監管環境充其量是不確定的。國會和美國證券交易委員會 (SEC) 沒有製定明確的規則，而是將規則置於灰色地帶，只有在公司發布產品後才會通過法律指控來強制執行。

That's the lack of clarity companies have been talking about, and it's possible that changes. On the SEC level, Chair Gary Gensler will likely be replaced quickly after Trump takes office, and that will change the enforcement environment almost immediately. Rule changes will take time, but that will also follow.

這就是公司一直在談論的缺乏清晰度的問題，而且這種情況可能會改變。在 SEC 層面，主席加里·詹斯勒 (Gary Gensler) 可能會在川普上任後很快就被替換，這將幾乎立即改變執法環境。規則的改變需要時間，但這也會隨之而來。

It also looks like Republicans will control both houses of Congress, which means both political appointments and laws can be passed that may favor the industry. We don't know what that looks like yet, but innovation won't happen without some kind of clarity.

共和黨人似乎也將控制國會兩院，這意味著可以通過可能有利於該行業的政治任命和法律。我們還不知道那是什麼樣子，但如果沒有某種清晰度，創新就不會發生。

Investors bet big on crypto: The SEC did allow Bitcoin and Ethereum ETFs earlier this year, and in less than 36 hours, the Bitcoin ETFs alone saw $1.3 billion of inflows after the election. Those inflows were part of the price increase through simple supply and demand.

投資者在加密貨幣上押下重註：今年早些時候，美國證券交易委員會確實允許比特幣和以太坊ETF 上市，在大選後不到36 小時內，僅比特幣ETF 就有13 億美元的資金流入。這些資金流入是透過簡單的供需關係導致價格上漲的一部分。

We may see even more ETFs if the regulatory environment changes, which could bring even more inflows.

如果監管環境發生變化，我們可能會看到更多的 ETF，從而帶來更多的資金流入。

Elon Musk and the Dogecoin pop: When it comes to Dogecoin, there's speculation that Elon Musk's involvement in the campaign could lead to some kind of value for the token. That's a long shot, but it's the kind of speculation that's commonplace in the market today.

伊隆馬斯克和狗狗幣流行：當談到狗狗幣時，有人猜測伊隆馬斯克參與該活動可能會為該代幣帶來某種價值。這個可能性不大，但這種猜測在當今市場上很常見。

This was the biggest meme coin to pop, but it wasn't the only one, with many smaller tokens rising double digits this week.

這是流行的最大的迷因代幣，但它並不是唯一的代幣，許多較小的代幣本週都上漲了兩位數。

What now for crypto: While the increase in values makes some sense if there are regulatory changes, it doesn't mean the increase will last. A lot of the advances in crypto over the past two years weren't with tokens -- it was with the underlying blockchain and stablecoins used for transactions. Even native tokens may not generate value if stablecoins are what we use for transactions.

現在對於加密貨幣來說：雖然如果監管發生變化，價值的增加是有意義的，但這並不意味著這種增加會持續下去。過去兩年，加密技術的許多進步並不是與代幣有關，而是與用於交易的底層區塊鏈和穩定幣有關。如果我們使用穩定幣進行交易，即使原生代幣也可能無法產生價值。

I think there's a bright future for the blockchain, but the companies building blockchain technology will be the beneficiaries. Speculating on tokens probably won't last, just as we saw in 2022, when a frothy market ended badly for crypto investors.

我認為區塊鏈有光明的未來，但建立區塊鏈技術的公司將是受益者。正如我們在 2022 年所看到的那樣，對代幣的投機可能不會持續下去，當時泡沫市場對加密貨幣投資者來說結局很糟糕。