唐纳德·特朗普 (Donald Trump) 决胜总统大选和市场整体情况，加密货币市场立即做出反应

唐纳德·特朗普决定性地赢得了总统选举和整体市场，加密货币市场立即做出了反应。股市上涨2%，道琼斯指数大幅上涨43.47点。比特币达到历史新高，在选举日攀升至 7.4 万美元，随后突破 7.72 万美元，目前在 7.63 万美元左右盘整。

Donald Trump's victory in the presidential election had an immediate impact on markets, with stock markets rising by 2% and the Dow Jones index recording a significant jump of 43.47 points. Bitcoin also reached all-time highs, climbing to $74K on Election Day and later surpassing $77.2K, currently consolidating around $76.3K.

唐纳德·特朗普在总统选举中获胜对市场产生了立竿见影的影响，股市上涨2%，道琼斯指数大幅上涨43.47点。比特币也达到了历史新高，在选举日攀升至 7.4 万美元，随后突破 7.72 万美元，目前在 7.63 万美元左右盘整。

Let's take a closer look at how this much-anticipated event has affected the political and economic climate, what the markets are expecting, and what possible developments are likely to follow.

让我们仔细看看这一备受期待的事件如何影响政治和经济气候、市场的预期以及接下来可能出现的发展。

Politics

政治

Starting with the key factor—politics—it seems to signal fundamental changes regarding the current and likely future situation. While it may have seemed unthinkable five years ago, politics now plays a significant role in shaping the crypto market, and this influence is expected to increase.

从关键因素——政治——开始，这似乎预示着当前和未来可能出现的情况发生根本性变化。虽然这在五年前似乎是不可想象的，但现在政治在塑造加密货币市场方面发挥着重要作用，而且这种影响力预计还会增加。

And there is probably the first Bitcoin president in U.S. history because Trump’s statements suggest a greater alignment with crypto compared to his opponents, such as Kamala Harris. However, we are not here to just believe the statements but to research the real movements and their effects, which are yet to be felt by the entire crypto community.

美国历史上可能出现第一位比特币总统，因为特朗普的声明表明，与卡马拉·哈里斯等他的对手相比，特朗普更倾向于加密货币。然而，我们来这里不仅仅是为了相信这些陈述，而是为了研究真正的动向及其影响，而整个加密社区尚未感受到这些动向。

Still, Nayib Bukele, who boldly challenged the IMF and other financial institutions by adopting a Bitcoin standard, was the first to congratulate Donald Trump on his victory.

尽管如此，通过采用比特币标准大胆挑战国际货币基金组织和其他金融机构的纳伊布·布克莱（Nayib Bukele）是第一个祝贺唐纳德·特朗普获胜的人。

Also, Michael Saylor, one of the key figures for Bitcoin and crypto, labeled Donald Trump’s victory as the arrival of the first crypto president in U.S. history.

此外，比特币和加密货币领域的关键人物之一迈克尔·塞勒(Michael Saylor)将唐纳德·特朗普的胜利称为美国历史上第一位加密货币总统的到来。

Senator Cynthia Lummis has reinforced her crypto bill to establish a strategic Bitcoin reserve in the U.S., which now stands a better chance of becoming a historic document, not just for America but for the world. This crypto bill envisions the purchase of 200,000 BTC annually for five years, and she predicts that within 12 weeks, other countries will also begin adopting similar Bitcoin reserves.

参议员辛西娅·鲁米斯 (Cynthia Lummis) 强化了她的加密货币法案，以在美国建立战略性比特币储备，现在该储备更有可能成为历史性文件，不仅对美国而且对世界而言。该加密货币法案设想在五年内每年购买 200,000 BTC，她预测在 12 周内，其他国家也将开始采用类似的比特币储备。

If this scenario does unfold, the US as the world’s largest economy could indeed provide a very powerful incentive for similar initiatives for other nations around the world, and some have already started preparing for this in advance.

如果这种情况确实发生，美国作为世界最大经济体确实可以为世界其他国家采取类似举措提供非常强大的动力，有些国家已经开始提前为此做好准备。

Of course, everyone has started preparing in their own way. Remember how Germany recently sold off all of its Bitcoin reserves for an average of $54K? Your comments are welcome.

当然，每个人都已经开始以自己的方式进行准备。还记得德国最近如何以平均 5.4 万美元的价格出售其所有比特币储备吗？欢迎您提出宝贵意见。

Also, there is a chance that Donald Trump may launch several initiatives and investigations into the activities of the previous administration. But don’t be in a hurry, there is no need to overestimate his real possibilities, as the system works a little differently.

此外，唐纳德·特朗普有可能对前任政府的活动发起多项举措和调查。但不要着急，没有必要高估他的真实可能性，因为系统的工作方式略有不同。

Yes, Donald Trump’s victory is not the only victory for the Republicans, as they also take the majority, namely 253 representatives in the House of Representatives and 16 pro-crypto senators in Congress for the next two years. In all likelihood, this does seem to be in line with the sentiment of the majority of Americans if you look at this map, which demonstrates the so-called red wave and has also fundamentally discredited the credibility of social polls.

是的，唐纳德·特朗普的胜利并不是共和党的唯一胜利，因为他们还占据了多数席位，即未来两年在众议院拥有 253 名代表，在国会拥有 16 名支持加密货币的参议员。很可能，这似乎符合大多数美国人的情绪，如果你看看这张地图，它展示了所谓的红色浪潮，也从根本上损害了社会民意调查的可信度。

However, this is still not enough to overcome the filibuster, meaning that the Democrats will need to negotiate and may be able to block several initiatives.

然而，这仍然不足以克服阻挠议事，这意味着民主党将需要进行谈判，并且可能能够阻止多项举措。

A possible subject of investigation is the Checkpoint 2.0 operation, allegedly directed by Democrats against cryptocurrency and its participants. It is also worth noting that Senate Banking Committee Chair Sherrod Brown of Ohio has lost his senate seat and overall it seems that a trend is emerging where an anti-crypto stance is a threat to political careers and a number of politicians need to think about it to keep the electorate.

一个可能的调查对象是 Checkpoint 2.0 操作，据称该操作是由民主党针对加密货币及其参与者发起的。还值得注意的是，俄亥俄州参议院银行委员会主席谢罗德·布朗(Sherrod Brown)失去了参议院席位，总体而言，似乎正在出现一种趋势，即反加密立场对政治生涯构成威胁，许多政治家需要考虑这一点以留住选民。

Economy

经济

Let’s take a look at the global economy and markets, and the challenges that the new administration will have to deal with.

让我们来看看全球经济和市场，以及新政府将要应对的挑战。

Let’s start with the good news that in the short term, the economy has reacted positively to the outcome of the election, and while America is in a red tide, stock markets are blooming in green.

先说好消息，短期内经济对大选结果反应积极，美国陷入红潮的同时，股市却绿意盎然。

The same thing is happening with the entire crypto market, but we will come back to it a little later.

整个加密市场也发生了同样的事情，但我们稍后会再讨论这个问题。

Market stocks rose by 2% and the Dow Jones rating posted a record jump to 43.47, ten-year Treasury yields and the U.S. dollar rose, while gold declined.

市场股票上涨2%，道琼斯评级创历史新高至43.47，十年期国债收益率和美元上涨，而黄金下跌。

Investors are looking for higher real economic growth rather than inflation and the US Fed has also made a planned 25 basis point interest rate cut, but some have questions about further cuts as at the same time inflation expectations are also rising.

投资者正在寻求更高的实际经济增长而不是通胀，美联储也计划降息25个基点，但一些人对进一步降息提出质疑，同时通胀预期也在上升。

The rise in Treasury Inflation-Protected Securities (TIPS) suggests market anticipation of inflationary risks due to Trump’s economic agenda, including tax cuts, that may stimulate growth, but fiscal expansion and tax incentives could drive consumer prices higher, potentially adding volatility to the recovering bond market.

通胀保值国债（TIPS）的上涨表明，市场预期特朗普的经济议程（包括减税）可能会刺激经济增长，从而引发通胀风险，但财政扩张和税收优惠可能会推高消费者价格，从而可能增加经济复苏的波动性。债券市场。

Meanwhile, the delinquency rate on commercial mortgage-backed securities (CMBS) for offices jumped to 9.4% in October, the highest in 11 years, and the delinquency rate on

与此同时，10 月份写字楼商业抵押贷款支持证券 (CMBS) 的拖欠率跃升至 9.4%，为 11 年来的最高水平，