Trump is about to return to the White House, and the global market is bound to experience a new wave of turbulence. His 'America First' policy and tough stance on the global trade system may have a profound impact on various asset classes.
Regarding cryptocurrencies (Crypto)During his tenure, Trump's attitude towards cryptocurrencies was somewhat conservative, but in recent years, he seems to have increased his acceptance of crypto assets. If the new government adopts a more relaxed approach to regulation, especially by relaxing policy restrictions on mainstream coins like Bitcoin and Ethereum, it may stimulate the rise of the crypto market. At the same time, facing the potential devaluation pressure of the US dollar, cryptocurrencies may be seen as a risk hedging tool. However, it is important to note that regulatory uncertainty remains a potential risk in the crypto market.
In terms of tariff policiesPresident Trump is highly likely to continue imposing tariffs on Chinese commodities, which puts pressure on Assets and overseas assets. Particularly, manufacturing and export-oriented enterprises may face challenges due to disrupted supply chains and rising costs.Chinese concept stocksHowever, some Chinese concept stocks primarily driven by domestic demand, consumption, and technological innovation such as Alibaba and Tencent, may be less affected. On the contrary, some Chinese companies with business operations in the USA may accelerate their globalization process and seek new growth opportunities.
Overall, the era of Trump 2.0 is expected to bring more market volatility, requiring investors to pay more attention to asset allocation and risk management.