Samsung Asset Management (Hong Kong) investment strategist Zhong Jun pointed out that Trump's victory is favorable for Bitcoin because this is the first time in US history that a political party and presidential candidate publicly express their views on holding Bitcoin. Bitcoin continues to rise, nearing $89,000, reaching a new high. Bitcoin was trading at $88,780 during the Asian session, up ten percent in the past 24 hours. The fifth section of the Republican Party platform in 2024 mentions Bitcoin and cryptocurrency, stating "The Republican Party will end the Democratic Party's illegal and un-American crackdown on cryptocurrency, defend the right to mine Bitcoin, and ensure that every American has self-custody of digital assets." Zhong Jun believes that because the Republican Party will have a more open attitude towards the development of cryptocurrency and retirement funds in different states in the US have already allocated Bitcoin, and with global adoption of Bitcoin still in its early stages, most people have not spent time understanding Bitcoin as an asset class, so he believes that Bitcoin has the potential to rise even higher.