Trump’s Shocking Win: Why Altcoins May Reap the Rewards Over Bitcoin

Alex Thorn, head of research at Galaxy, a ​cryptocurrency trading firm and asset management firm, shared his insights on the potential impact of the US presidential election on cryptocurrency markets. On the ⁤16th, Thorn stated on X (formerly Twitter), “If former US President ⁤Donald Trump wins the November election, I think it will be a better outcome for altcoins than ​for Bitcoin (BTC).” He further explained that if Trump were to ease cryptocurrency regulations, it would be more beneficial for altcoins than for Bitcoin.

Thorn’s comments highlight the potential influence of regulatory policies on the cryptocurrency market. The outcome of the US presidential election could have significant implications for the future of cryptocurrency regulations, which in turn could impact the ⁤performance of altcoins and Bitcoin.

Jin-ho Kim,‍ a renowned cartoonist,‌ has been creating cryptocurrency cartoons for ⁤Coin Readers. With ‌over 20 years⁤ of experience in drawing current affairs cartoons for various publications, including Incheon Ilbo,‍ Chungcheong Ilbo, Yeongnam Ilbo, and Gyeongnam Maeil, Kim has established ‌himself as a prominent‍ figure in⁢ the field. His⁢ work has been ‍featured in⁤ numerous internet media outlets, including ⁤Financial Today, and he currently works as an illustrator for MBN and Channel A.