Explore how Trump’s presidency may shape the future of crypto and the potential impact of his policy on crypto companies.
The cryptocurrency market surged following Donald Trump’s victory in the 2024 United States presidential election, as many believe his win will have a significant impact on the industry. Cointelegraph Research recently published a report by HTX Ventures analyzing the factors contributing to Bitcoin and cryptocurrency’s role in the election. The report also examines how presidential elections could influence future policies, shape market expectations, and potentially impact crypto companies in the years ahead.
Each year, the popularity of cryptocurrencies in the US increases. This year saw some of the most notable events in crypto history, making it one of the key topics of the election cycle. Several important issues brought cryptocurrencies to the forefront of debates and election campaigns.
The first one is the macro outlook, which shows some frustrating indicators. Current US fiscal policies may lead to a growing federal budget deficit, increasing the US federal debt. Widening budgetary deficits and debt burdens could risk disrupting financial markets. There are limited options to address such huge debt, and debt dilution through inflation may be the US government’s only way out of this plight.
