Opinion: With Trump's victory, the relaxation of more virtual asset policies may be just around the corner
ChainCatcher news, member of the International Financial Planning Association, Kuang Zishan, stated that the victory of Donald Trump in the U.S. presidential election has led to a rise in all asset classes related to the "Trump trade." It is expected that industries such as finance, defense, manufacturing, technology, and cryptocurrency in the U.S. will benefit.One highlight of the Trump trade is his historically friendly support for cryptocurrency. He has even stated that if he wins, he will establish a Bitcoin reserve for the U.S., indicating that Bitcoin, with Trump's backing, is likely to soar and reach new historical highs.Additionally, at the beginning of the year, the U.S. Securities and Exchange Commission announced the approval of Bitcoin ETFs, and in April, the Bitcoin halving occurred for the fourth time. Furthermore, a British pension consulting firm announced that the first pension fund in the UK will allocate Bitcoin. This shows that the future rise of Bitcoin is generally viewed positively by professional investment institutions, and it is anticipated that more professional investors will participate through overseas virtual asset spot ETFs, making it only a matter of time before more virtual asset policies are relaxed.