In the 2024 US presidential election, Trump won and the Republican Party controls both houses of Congress. The legislative situation is favorable for the development of cryptocurrency. If Trump fulfills his promises, it will have a positive impact on the cryptocurrency industry, including improving the regulatory environment and expanding RWA applications.

RWA (Real World Assets) is the tokenization of real-world assets, bridging the gap between real assets and encrypted finance, and increasing asset liquidity. However, its operational mechanism is complex, involving off chain asset financialization, financial data trustworthiness, and trustworthy data tokenization.

In 2023, RWA will once again receive attention due to reasons such as institutional push, declining DeFi yields and rising US bond rates, and the search for new narratives in the bear market of the cryptocurrency industry. However, the current RWA credit agreement mainly involves institutional and corporate participation.

There are many hot projects in the RWA track, and the top six projects in terms of market value each have their own characteristics. However, investors prefer financial projects, and RWA development faces challenges such as regulation, technology, valuation, uneven project development, default risk, and centralization. Not all assets are suitable for RWA. Successful RWA projects require conditions such as value foundation, value generation, market demand and liquidity, legal compliance, and long-term stability of returns.

 

As the dust settles on the 2024 US election, Donald Trump; Trump's victory not only caused waves on the political stage, but also brought unexpected developments to the global cryptocurrency market; A new round of spring;. Finbold's data shows that within just 24 hours of Trump's victory, the price of Bitcoin surged 7.8%, breaking through a historical high and reaching $75428! Affected by this positive news, the number of Bitcoin wallets worth over $1 million has surged, with over 11000 new Bitcoin millionaires added.

The explosive reaction of Bitcoin

The recent surge in Bitcoin prices is not an accidental phenomenon. In fact, since the eve of the election, the market has already shown a strong upward trend for Bitcoin. In the past month, the price of Bitcoin has risen by 20%, breaking through various psychological barriers along the way. Now, Trump's victory has further fueled the popularity of Bitcoin, attracting more investors' attention. This upward trend not only further strengthens the ranks of Bitcoin millionaires, but also once again pushes cryptocurrency to the forefront of mainstream finance. Looking back at last month's data, there were still around 121061 Bitcoin addresses worth over $1 million at that time. With the skyrocketing price of Bitcoin, this number suddenly increased to 132842, and within just one day, 11487 million dollar level wallets were added. It can be seen that Trump's victory has become a catalyst for the Bitcoin market;.


Why did Trump's victory boost the rise of Bitcoin?

So, why did Trump's victory trigger a surge in Bitcoin? Firstly, Trump has always been critical of traditional financial regulation, which indirectly supports the decentralized financial concept. More importantly, Trump's attitude towards cryptocurrency gradually showed affinity during his campaign. He did not directly suppress cryptocurrency assets, but instead showed some openness. This makes the market optimistic about the future regulatory environment for cryptocurrencies. Many analysts believe that Trump's victory may bring positive policy changes to the cryptocurrency market, further driving market development. This expected regulatory easing and policy support undoubtedly create a favorable atmosphere for cryptocurrencies such as Bitcoin, prompting investors to increase their investment.

Analysts predict: Can Bitcoin still rise to $250000?

The crazy performance of Bitcoin after Trump's election victory has also attracted the attention of technical analysts. Renowned Bitcoin technology analyst Gert van Lagen boldly predicts that Bitcoin is expected to continue climbing in the coming months, even reaching a high of $250000 at the beginning of next year. This prediction is not groundless, but based on the increasing demand for cryptocurrencies in the market and the potential supportive regulatory environment. With more and more mainstream institutions and investors participating, the investment base of Bitcoin has significantly strengthened. Especially in the context of increasing macroeconomic uncertainty, Bitcoin's anti inflation properties have attracted a large influx of funds. In addition, with the possibility of loose US economic policies, Bitcoin may continue to receive more attention as digital gold in the future. The dual mentality of investors: expectation and caution coexist. Although the current hot scene in the Bitcoin market is exciting, there are also many investors who hold a cautious attitude. After all, past market data has shown that the price of Bitcoin is highly volatile, with gains often accompanied by corrections. In both the bull markets of 2017 and 2021, Bitcoin experienced a sharp decline after reaching high levels. Therefore, even if the market is hopeful about the prospects of Bitcoin, investors need to remain calm, allocate assets reasonably, and avoid being passive in market fluctuations when chasing gains. Meanwhile, some individuals who hold a large amount of Bitcoin; Whales” The impact of accounts on market prices cannot be ignored. According to some analysis reports, several massive Bitcoin addresses have been active recently, which may have a short-term impact on market prices. Therefore, ordinary investors need to pay timely attention to market dynamics when facing market fluctuations and avoid being affected by whale operations.

RWA is being promoted by institutions because it can increase the liquidity of real assets.

If the huge bond market and assets such as real estate can be interacted with on chain, the value created would be enormous. In 2024, the RWA market is expected to become one of the fastest-growing sectors in the cryptocurrency industry, attracting a large number of venture capital funds. However, currently the participants of RWA are mainly institutions and enterprises, and ordinary investors lack entry points. The development of RWA faces many challenges, requiring continuous exploration in compliance, technology, and balanced project development. In the future, its role in cross-border finance and asset management will be more important, and market maturity and regulatory improvement are the key to empowering the real economy. Meanwhile, using Ant Chain“ Two chains and one bridge; Taking the platform as an example, it can be seen that not all assets are suitable for RWA. Successful RWA projects need to have multiple conditions to protect the rights and interests of investors and the long-term value of the project. It is necessary to prevent projects from abusing the RWA concept for non compliant financing.