Analysis: If Trump adjusts policies in preparation for the midterm elections next November, it may once again impact assets such as cryptocurrencies

TechFlow, December 23 — Caixin released its "2026 New Year Special Edition: Review and Outlook," which noted that in 2025 the "Trump trade" took effect, with gold and cryptocurrencies shining brightly. In March, an executive order was signed to place approximately 210,000 bitcoins held by the federal government into the national strategic reserve. Various transactions based on stablecoins and digital currencies were widely implemented throughout 2025, prompting listed companies to transform into treasury firms specializing in hoarding digital currencies, sparking market speculation. However, the U.S. seizure of $15 billion worth of bitcoin from Chen Zhi's telecom fraud group heightened concerns over transaction security, and by year-end, bitcoin had fallen from its all-time highs. As 2026 begins and Trump prepares for the November midterm elections, how his policies will adjust in response to feedback across various sectors—and how these changes will impact the performance of major asset classes—will remain a key theme to watch throughout 2026.