Bitfinex analyst: A large amount of capital is expected to be released into the crypto space in the short term after Trump's election

ChainCatcher news, November 7, Bitfinex analysts expect that after Trump's election as President of the United States, the crypto market will welcome a "new wave of hope."

As the industry anticipates a less hostile attitude from federal agencies towards cryptocurrencies, this trend is expected to facilitate more capital inflow into the Web3 space. Analysts stated, "We expect that in the short term, a significant amount of capital will be released for the crypto sector. Furthermore, this may influence the approach taken by the U.S. SEC, which is widely regarded as having a hostile stance towards the crypto industry."