• 34ºc, Sunny

Opinion: With Trump's election victory, relaxation of more virtual asset policies may be just around the corner

Kwong Zishan, a member of the Institute of International Financial and Financial Planners, said that the victory of the US Presidential Election Trump has allowed all asset classes related to the "Trump trade" to rise, and the US financial, defense, industrial, technology and cryptocurrency industries are expected to benefit. One of the highlights of Trump's transactions is that he has always been friendly to cryptocurrencies, and has said that if he wins, he will build a bitcoin reserve for the United States. It can be seen that bitcoin is expected to soar again and hit a record high with Trump's blessing. In addition, at the beginning of the year, the Securities Exchange Commission announced the approval of the issuance of bitcoin ETFs, and in April, it completed the four-year halving of bitcoin; coupled with the announcement of the British pension consulting company that the first pension fund in the UK will allocate bitcoin, it can be seen that the future rise of bitcoin is generally optimistic about professional investment institutions, and more professional investors are expected to participate through overseas virtual asset spot ETFs, etc. Therefore, the relaxation of more virtual asset policies is just around the corner.