Galaxy Digital Research Director: Compared to Bitcoin, Trump's victory is more beneficial for altcoins
Alex Thorn, the research director of cryptocurrency asset management company Galaxy Digital, wrote in a post on X: "I do indeed believe that Trump's victory is more beneficial to altcoins than Bitcoin, mainly because regulatory relaxation is more advantageous to altcoins than Bitcoin."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Indian regulators announced on Thursday that they will allow the country’s $463 billion portfolio management industry to invest in overseas securities for the first time and to conduct short-selling in stock options. This move opens up new channels for India’s wealthy class to access global markets and holds significance for AI-related assets, which have attracted strong investor interest. Additionally, India will launch new portfolio management products with lower investment thresholds.
