According to the news app Zhītōng Cáijīng, Donald Trump, the Republican presidential candidate, recently made positive remarks about Bitcoin and pledged to implement more friendly regulatory policies towards the cryptocurrency industry. It seems to have had a positive impact on the market. In response to Trump's comments, on Monday pre-market trading, the stock prices of several cryptocurrency-related companies rose. Among them, the stock price of the cryptocurrency exchange Coinbase (COIN.US) rose 3.7%, while the stock prices of the Bitcoin mining companies Marathon Digital (MARA.US), Bitfarms (BITF.US), Riot Platforms (RIOT.US), and CleanSpark (CLSK.US) rose by between 3.4% and 4.5%.

Analysts at Bernstein noted in a report that given the strict regulatory stance of the Biden administration on cryptocurrencies and Trump's supportive remarks about Bitcoin, the market sees Trump's victory as a more favorable situation for the cryptocurrency industry. Cryptocurrency executives have often expressed dissatisfaction with overregulation and unfavorable regulatory environments under President Joe Biden's leadership.

Despite this, Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), still maintains his strict stance on regulatory oversight of the cryptocurrency industry, emphasizing the volatile and speculative nature of cryptocurrencies such as Bitcoin. However, thanks to the support of institutional investors and the approval of exchange-traded funds (ETF) trading on exchanges that are pegged to the spot prices of Bitcoin and Ether, cryptocurrencies have rapidly moved from the fringes of the financial markets to the mainstream.

In addition, if Trump wins the election, he may further promote the development of the cryptocurrency industry. He recently stated that his administration will use the cryptocurrency currently held by the US government to establish a national 'reserve' of Bitcoin, most of which were seized during law enforcement operations. He also promised to dismiss SEC Chairman Gensler if elected and appoint regulators who support cryptocurrencies. Although Gensler's term will continue until 2026, Trump's statement undoubtedly brings new hope to the cryptocurrency industry.

Previously, Trump was skeptical of cryptocurrencies and said he was 'not a fan,' believing that the value of cryptocurrencies was 'based on thin air.' However, in the 2024 presidential election, he changed his position and increasingly emphasized Bitcoin while actively seeking support from the cryptocurrency industry. This shift not only reflects the growing influence of the cryptocurrency industry on the US political stage, but also shows the efforts of executives to support candidates who are favorable to digital asset policies through donations. At the same time, Trump is also seeking to gain new voter support through this strategy.

According to Bernstein's report, the 'golden-haired girl scenario' of Bitcoin mining is emerging, indicating that the cryptocurrency industry may be in an ideal state of development. At the same time, the price of Bitcoin also rose by 2.4% and returned to the key level of 0.07 million US dollars, reaching its highest level since mid-June, which further confirms the market's positive response to Trump's friendly cryptocurrency policies.