随着唐纳德·特朗普重返白宫，比特币（BTCUSD）创下历史新高

比特币（BTCUSD）在 11 月 6 日亚洲交易时段早盘创下历史新高

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.

比特币（加密货币：BTCUSD）在周日亚洲交易时段早盘创下历史新高，因为美国总统选举的第一批结果开始公布，而且越来越明显的是唐纳德·特朗普将重返总统宝座。白宫。

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.

根据 Coinbase 的数据，BTCUSD 周日收于 75,645，高于之前的记录 73,835。从那时起，比特币基本上每天都创下历史新高。总体而言，自11月5日以来上涨了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) 等直接或间接参与加密货币的公司的股票也因选举结果而走高。

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.

市场对特朗普获胜的如此积极的反应源于投资者相信他的政府加上友好的国会将有效地放松对加密货币行业的管制，促进其扩张并实施一个连贯的监管框架，该框架将在未来几年为投资者和消费者服务。

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经纪商金融市场分析师Kar Yong Ang认为，应该说，这种信念并非没有根据。特朗普以其大胆的举动、清晰的观点和对放松管制的强烈关注，成功吸引了许多加密货币粉丝站在他一边。

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.

事实上，正如 Octa 在之前的一些文章中所解释的那样，特朗普比 Kamal Harris 更加明确地支持加密货币。毫不奇怪，许多加密货币爱好者以及一些认真的加密货币投资者支持特朗普而不是哈里斯。

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，唐纳德·特朗普在 7 月份出席了纳什维尔比特币会议，采取了相当大胆的举措，他在会上主张建立联邦比特币储备，并强调了吸引更多比特币挖矿业务到美国的重要性。

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.

另一个对加密货币友好的姿态是特朗普据称承诺解雇美国证券交易委员会（SEC）主席加里·詹斯勒（Gary Gensler），由于他对加密项目提起了大量诉讼，许多加密货币界人士将其视为对手。在唐纳德·特朗普任命的新领导人的领导下，美国证券交易委员会有可能为数字资产提供更有利的监管环境。

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，既然共和党完全控制了参议院和众议院，唐纳德·特朗普就有了推进他的议程的大门。这是 2024 年共和党官方政纲关于加密货币的说法：

“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.”

“共和党人将结束民主党人非法且不符合美国精神的加密货币镇压，并反对创建央行数字货币。我们将捍卫开采比特币的权利，并确保每个美国人都有权自行保管自己的数字资产，并在不受政府监视和控制的情况下进行交易。”

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

不用说，新国会更有可能颁布有利于加密行业的立法。

“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.

“就目前情况而言，我相信有充分的理由期待更多以加密货币为重点的 ETF [交易所交易基金] 获得批准，例如，这些 ETF 可能基于其他加密货币，如 Solana (CRYPTO: SOL) 和 XRP (加密货币：XRP）。谁知道呢，我们甚至可能会获得狗狗币（加密货币：DOGE）ETF。为什么不呢？狗狗币是埃隆·马斯克最喜欢的加密代币，埃隆在特朗普团队中肯定有一定的影响力。”Octa 经纪商金融市场分析师 Kar Yong Ang 表示。有趣的是，根据 CoinmarketCap 的数据，自 11 月 5 日以来，狗狗币的价值已经增加了一倍多。

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

2024 年主要加密货币表现（2023 年 12 月 31 日 = 0）

Source: Octa Trader calculation based on Refinitiv data

资料来源：Octa Trader 基于 Refinitiv 数据计算

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.

监管放松引发创新，更多加密产品可能进入主流金融市场。这可能会导致机构对加密货币的投资增加，因为 ETF 为投资者提供了一种更容易获得和更受监管的方式来获得市场敞口。

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.

尽管最近价格飙升且估值创历史新高，但比特币的需求仍然旺盛。周一，MicroStrategy 透露，上周已向其投资组合添加了 52,000 个比特币，价值 46 亿美元，这是该公司历史上最大的一次购买。

The key question now is—can the rally continue?

现在的关键问题是——反弹能否持续？

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 的金融市场分析师 Kar Yong Ang 表示：“Franky，我开始对这种赤裸裸的乐观情绪产生不好的预感。欣快感很少有好的结局，而且这种欣快感已经持续了太久了。当期望很高时，出现重大失望的风险就会上升，我认为我们可能会看到比特币的波动性加大，可能即将出现重大的向下修正。与此同时，长期的未来看起来是光明的，特别是如果特朗普政府确实继续实施建立联邦比特币储备的计划的话。”

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

创建这个新的国家比特币储备的确切机制仍不清楚。尽管如此，如果美国政府开始通过公开市场购买来获取比特币，这种加密货币的潜在上涨空间可能是巨大的。另外，