U.S. 2024 Election National Polling Stations Have Closed, Trump Declares Victory

According to the voting arrangements previously announced in the U.S., polling in Alaska concluded at 1 AM EST on November 6 (2 PM Singapore time), marking the end of the national voting phase for the U.S. presidential election.

Based on the latest estimates from several U.S. media outlets, including The Hill, Republican presidential candidate Trump is projected to secure more than half of the electoral votes, likely locking in victory for this U.S. presidential election. The U.S. presidential election operates on an Electoral College system, where 50 states allocate electoral votes based on population, and a candidate needs at least 270 out of 538 electoral votes to win.

Additionally, according to the latest calculations from U.S. media, Trump has already secured at least 270 electoral votes.

Republican presidential candidate Trump announced his victory in the 2024 presidential election early on the 6th, and U.S. House Speaker Johnson also stated directly: Trump is now our "president-elect."

Trump - The First "Crypto President"

The term "crypto president" for Trump is based on his support and commitment to the cryptocurrency industry during the 2024 election campaign. Trump has repeatedly emphasized his support for cryptocurrencies and pledged to become the "crypto president." He delivered a speech at a Bitcoin conference, promising to support the development of the cryptocurrency industry during his term.

Moreover, Trump announced that his campaign team would accept Bitcoin payments through the Lightning Network and stated that he would ensure the future of cryptocurrencies and Bitcoin is made in the U.S. The market generally believes that Trump's victory will bring more opportunities to the crypto market.

Image Source: X

Expected Changes After Trump's Victory

Scenario 1: Trump Wins + Republican Sweep

Domestic Policy and Economy:
Tax Policy: More tax cuts are expected, continuing to lower corporate and individual tax rates to stimulate economic growth.
Deregulation: Further deregulation may occur in sectors such as energy, finance, and manufacturing to promote business and industrial development.
Infrastructure Investment: Large-scale infrastructure projects will be promoted, benefiting the construction and manufacturing industries.

Global Economy and Trade:
Trade Policy: A continuation or intensification of tough trade policies, including negotiations with China and other major trading partners, which may lead to further tariffs.
International Relations: A more America-first approach overall, potentially leading to some international uncertainty affecting global markets.

Cryptocurrency Market:
Deregulatory Environment: The Republican inclination to reduce regulation may create a more lenient policy environment for the crypto market, fostering innovation and technological development.
Clear Tax Policy: There may be clearer tax policies for trading and holding cryptocurrencies, benefiting investors' planning.
Market Performance: Under the influence of lenient policies, cryptocurrencies may attract more investors, especially in the context of inflation hedging, where crypto assets could be seen as an investment and safe-haven asset.

Scenario 2: Trump Wins + Democratic House Members

Domestic Policy and Economy:
Policy Compromise: Trump may need to compromise on tax and spending policies, affecting the implementation of fiscal policies.
Healthcare and Social Policy: Some compromises with Democrats on health and social security spending may increase expenditures in related areas.

Global Economy and Trade:
Easing Trade Tensions: Due to the need for Democratic support, a more moderate stance may be taken on certain international affairs and trade policies.
International Cooperation: A more cooperative attitude may be adopted regarding environmental and climate change issues.

Cryptocurrency Market:
Regulatory Struggles: The cryptocurrency market may face more regulatory uncertainty. Democrats may lean towards stricter regulatory measures, which could limit the growth and innovation of the crypto market.
Market Performance: Due to policy uncertainty and potential regulatory pressure, the crypto market may experience volatility. In this scenario, investors may adopt a cautious approach.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。