Jan. 6, 2025, 5:48 a.m.

USA

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Trump's political ambitions and economic calculations

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In today's complex and ever-changing political and economic stage, the frequent actions of US presidential candidate Trump to show goodwill towards the cryptocurrency industry have sparked widespread attention and controversy. Behind this behavior, there are both complex political ambitions and hidden economic calculations, but the impact it brings may be profound and dangerous.

Trump's goodwill towards the cryptocurrency industry is primarily driven by his political ambitions. As a presidential candidate, Trump has been searching for issues and strategies that can attract voters and expand his support base. In the current economic environment, the dissatisfaction of ordinary Americans with the traditional financial system is growing day by day. They believe that they have been oppressed by large banks and financial elites for a long time, and they long for a new financial model that can bring them more opportunities and fairness. Trump keenly captured this emotion by posting on his own social media platform, claiming to stand with ordinary people and oppose big banks and financial elites, in an attempt to win the resonance and support of voters.

As an emerging financial field, the cryptocurrency circle has a certain attraction and mystery. For some young voters and those who are disappointed with the traditional financial system, blockchain technology and cryptocurrency represent a force for innovation and change. Trump's goodwill towards the cryptocurrency industry may be aimed at leveraging the popularity of this emerging field to attract the attention of these voters and enhance his competitiveness in the election. In addition, Trump may also hope to shape his image as a leader who dares to challenge tradition and promote innovation through his support for the cryptocurrency industry, creating differentiated competition with other candidates.

However, the economic calculations behind Trump's move cannot be ignored. As an unregulated field, the cryptocurrency industry has huge profit margins and speculative opportunities. The Trump family may attempt to 'dig a bucket of gold' in this field by investing in cryptocurrencies or related businesses to obtain substantial economic returns. For Trump, economic interests have always been one of his priorities. Throughout his business career, he has been known for pursuing maximum profit. Showing goodwill to the cryptocurrency circle may be an attempt by him to find new economic growth points for his family business.

However, the impact of Trump's frequent gestures of goodwill towards the cryptocurrency industry is negative. Firstly, the lack of regulatory characteristics in the cryptocurrency industry makes it full of risks and uncertainties. The price fluctuations in the cryptocurrency market are severe, and investors face significant loss risks. Trump's support may mislead some ordinary people into blindly following the trend and investing, resulting in them suffering economic losses. In addition, the cryptocurrency industry is also prone to becoming a breeding ground for illegal activities such as money laundering and fraud. Trump's goodwill may provide some cover for these illegal activities, exacerbating chaos and instability in financial markets.

Secondly, Trump's actions may have an impact on the US financial regulatory system. As a presidential candidate, his words and actions have a certain degree of influence. If he continues to show goodwill towards the cryptocurrency industry, it may trigger other politicians and interest groups to follow suit, thereby weakening the regulatory power of financial regulatory agencies over the cryptocurrency industry. This will make the cryptocurrency industry even less regulated, further increasing financial risks. At the same time, this may also undermine the stability and credibility of the US financial system, affecting global confidence in the US financial market.

Finally, Trump's actions may also have a negative impact on the global financial order. As the world's largest economy and financial center, the United States plays an important leading role in global financial markets through its policies and actions. Trump's goodwill towards the cryptocurrency industry may trigger other countries' attention and investment frenzy towards cryptocurrencies, thereby exacerbating global financial market instability. In addition, this may also trigger disputes and disagreements among countries regarding cryptocurrency regulation, affecting global financial cooperation and coordination.

Trump's frequent gestures of goodwill towards the cryptocurrency industry are a dangerous combination of his political ambitions and economic calculations. This behavior may not only mislead ordinary people, exacerbate chaos and instability in the financial market, but also have a negative impact on the US financial regulatory system and the global financial order. Faced with this issue, the US government and regulatory agencies should maintain a clear mind, strengthen supervision of the cryptocurrency industry, and prevent financial risks.

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