TechFlow reported on November 6 that Huobi HTX launched a Twitter Space titled "As the U.S. Settles, Witnessing Bitcoin's New High" on its official account, where multiple guests discussed the outcomes of the U.S. election and its impact on the crypto market. Justin Sun, global advisor of Huobi HTX, stated during the discussion that Trump’s return to office could bring a "180-degree shift" for the Web3 industry. He noted this change would not only create a more relaxed regulatory environment but also drive innovation and mainstream adoption in Web3, potentially ushering in greater freedom for innovation and broader support.
During the vote counting, Bitcoin surged past $75,000, reaching a new all-time high. Regarding this, Sun commented that under the current election context, many cryptocurrencies have not yet risen to their full potential. Regulatory pressures over the past four years have shaken internal confidence, while outsiders still lack deep understanding of the industry, widening the information gap. He emphasized that investors should not underestimate the profound impact Trump could have on the crypto market—once his policy stance becomes clear, the crypto market may experience even stronger upward momentum. On the industry’s outlook, Sun stated that cryptocurrencies are gradually gaining global influence and steadily moving toward mainstream status on both policy and market fronts, with their role in society and politics becoming increasingly significant.
