PANews reported on December 6 that Xinhua News Agency's International Observation today pointed out that the Bitcoin surge reflects, to a certain extent, the policy direction of the next political cycle in the United States, which is related to the long-term game between regulation and capital. Institutions that hold or engage in Bitcoin and cryptocurrency transactions are playing an important role in American politics. In fact, the political action committee composed of large cryptocurrency industry organizations has clearly invested money to help candidates who support cryptocurrency run for Congress. Many analysts said that as the world's largest economy and a major participant in global financial activities, if the US government fails to treat financial regulation in a responsible manner, it will not only hurt American investors, but also have a significant negative impact on the world economy. Experts warn that continued deregulation may exacerbate the financialization of the US economy and the gap between the rich and the poor, and it will be difficult to improve the ability of the financial system to serve the real economy. Not only American investors may be affected, but the global economy may also face shocks.
Recently, under the expectation of US President-elect Trump's policy of supporting cryptocurrencies, Bitcoin has risen by more than 40% recently, becoming the focus of the capital market. However, there are risks behind this "surge". Data shows that in 2023, cryptocurrency fraud caused losses of more than 5.6 billion US dollars to US investors, a year-on-year surge of 45%.
