Trump is about to make a state visit to China, marking his return after 9 years.

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 pro-cryptocurrency and has 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. tensions 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.