Standard Chartered Bank: Trump's second term will bring positive prospects for the crypto industry

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Cointime2024/05/09 01:19

By:Cointime

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Standard Chartered Bank predicts that President Trump's second term will create a favorable regulatory environment, bringing positive prospects for the cryptocurrency industry. Trump initially opposed cryptocurrency and Bitcoin during his presidency. However, since leaving office, he has launched various NFTs. Last month, he described Bitcoin as "another form of currency" and noted that cryptocurrency has its own life. In addition, he also acknowledged Bitcoin's popularity.

Geoff Kendrick, head of foreign exchange research and digital asset research at Standard Chartered Bank, expressed concerns about US government debt and the sustainability of deficits. This could lead to a steeper US Treasury yield curve, as well as increased balance of payments and term premiums. We believe that as investors seek alternative assets, this situation will broadly support digital assets.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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