Trump is about to make a state visit to China, his first in 9 years, during which the leaders of China and the U.S. will engage in in-depth discussions on major issues such as trade, the global situation, and more, signaling a easing of China-U.S. relations, a decrease in geopolitical risks, and a stabilization of the global macro environment.

• Trump himself is crypto-friendly, having previously explicitly proposed including BTC in the U.S. national strategic reserves, which is expected to have a direct positive impact on the crypto industry;

• The easing of China-U.S. relations will reduce global risk aversion panic, benefiting risk assets (including BTC), short-term boosting market sentiment, and long-term favoring continuous inflow of institutional funds.