The unpredictability of US policy directions is profoundly affecting market sentiment and expectations.

What happens when political decisions are highly variable?

**Sentiment Becomes the Dominant Force**

In an environment full of policy uncertainties, investors find it difficult to rely on traditional fundamental analysis. Market participants focus more on predicting policy trends, leading to amplified emotional fluctuations. You might even see a seemingly contradictory phenomenon where the US dollar and gold rise simultaneously—one due to concerns over currency stability, and the other due to a rush into safe-haven assets.

**Cryptocurrencies Become "Hedging Tools"**

When traditional assets face shocks, assets like Bitcoin and Ethereum tend to attract more attention. This is no coincidence. They represent an alternative to the existing financial system, attracting investors seeking diversification. In a sense, they play the role of a "safe deposit box."

**Long-term Policy Signals vs. Short-term Fluctuations**

According to public information, US leaders have repeatedly expressed support for the development of the cryptocurrency industry, even involving specific digital asset projects. Such statements send a signal: the policy environment may tilt toward greater inclusiveness. If this attitude translates into actual policies, mainstream cryptocurrencies like Bitcoin and Ethereum could face a more favorable regulatory environment.

But this does not mean calm in the short term. Any policy announcement could trigger sharp market reactions, and retail investors need to be psychologically prepared for volatility.

**The Topic of Digital Currency Is Gaining Popularity**

Discussions involving the digitization of the dollar, crypto assets, and national finances are increasing, indicating that the position of cryptocurrencies in macroeconomic discussions is changing. Regardless of the outcome, this trend itself is worth paying attention to.