[UPDATED] Donald Trump's stance on Bitcoin is changing, the Trump pump is real!

[pooya87]

It is very headshaking that the reaction of the market is not so very positive.

That's because bitcoin price is not majorly affected by some local regulations in a small part of the world. There are a lot of other more important factors affecting it. Factors like the global economy and specifically recession.

Trump's policies have created a lot of uncertainty and has hurt the global economic stability. And to put simply when things go south, people tend to sell "risky assets" and turtle down. This is why something like gold has been soaring again.

[EarnOnVictor]

It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe.

I love the last laugh you added, it's is deserving, especially to those who trusted someone like Trump.

I warned many times when the ovation was so loud for him, but someone like me who could read behind the pretence knew what he was trying to do. Trump needed to be recognised in the crypto world just like Musk and also make as much money as he could, it's all business and he succeeded, thanks to the gullibility of people.

The opportunity came and he used the US presidential saga as bait, and nicely, people fell for it. This man will do nothing outstanding for Bitcoin/crypto because he doesn't care, he's fake, and even the promised strategic reserve, if eventually tries to carry it out, would fail at the Congress. He knew all that but just playing the people.

However, despite our speculations before that the Donald will be a traitor to the cryptospace and the community, his administration has been creating positive regulatory decisions and also positive actions towards projects, exchanges and the developers.

All these Trump's praises are still alien to me and of course, he will not do anything obviously contrary to his manifestos even if he didn't do anything significant. That's why you will not see him doing anything anti-crypto directly, but to what gain will that be to the market when the expected sentiment has already passed what he is doing? For me, he has done nothing but indirectly hurt the crypto market.

It is very headshaking that the reaction of the market is not so very positive. I reckon if these positive decisions and actions were being done on the bull market of 2021, we can be quite certain that bitcoin will keep pumping never endingly. This market, however, appears to be something similar to the movement of a bear market.

I've said before he became the president that Trump could be the reason the bear market would happen faster than anticipated, due to his actions and inactions. His actions in the first few weeks in the office had done enough damage already to the point that the market doesn't take his words for a long-term positive reaction anymore.

Expect more disheartening reactions from Trump, we shall all witness them.

[SensitiveEyes]

All these Trump's praises are still alien to me and of course, he will not do anything obviously contrary to his manifestos even if he didn't do anything significant. That's why you will not see him doing anything anti-crypto directly, but to what gain will that be to the market when the expected sentiment has already passed what he is doing? For me, he has done nothing but indirectly hurt the crypto market.

Trump buying a Tesla to support him was a publicity stunt because Elon is close to Trump. He could surprise us by relaxing crypto use but Trump has a habit on reversing promises after making them.

Expect more disheartening reactions from Trump, we shall all witness them.

He will reverse after saying things. He does it all the time.

[Donneski]

It is very headshaking that the reaction of the market is not so very positive.

That's because bitcoin price is not majorly affected by some local regulations in a small part of the world. There are a lot of other more important factors affecting it. Factors like the global economy and specifically recession.

Trump's policies have created a lot of uncertainty and has hurt the global economic stability. And to put simply when things go south, people tend to sell "risky assets" and turtle down. This is why something like gold has been soaring again.

Donald Trump's crypto related policies have created a lot of uncertainty like you rightly said but we can't shy away from the fact they were also created a lot of optimisms among Bitcoin enthusiasts. Many people who never believed in Bitcoin before now are now interested in Bitcoin because of the recent policies and statements of the most powerful man on the planet concerning Bitcoin.
The price of Bitcoin at the moment might not necessarily meet our desires but there's a strong hope that the market will be bullish in no distant time

[pooya87]

It is very headshaking that the reaction of the market is not so very positive.

That's because bitcoin price is not majorly affected by some local regulations in a small part of the world. There are a lot of other more important factors affecting it. Factors like the global economy and specifically recession.

Trump's policies have created a lot of uncertainty and has hurt the global economic stability. And to put simply when things go south, people tend to sell "risky assets" and turtle down. This is why something like gold has been soaring again.

Donald Trump's crypto related policies have created a lot of uncertainty like you rightly said but we can't shy away from the fact they were also created a lot of optimisms among Bitcoin enthusiasts. Many people who never believed in Bitcoin before now are now interested in Bitcoin because of the recent policies and statements of the most powerful man on the planet concerning Bitcoin.
The price of Bitcoin at the moment might not necessarily meet our desires but there's a strong hope that the market will be bullish in no distant time

Even mentioning the word "bitcoin" on any scale would be a positive thing for it and will get people interested in it. But the problem is that as long as the prices keep going up (aka inflation) and the people's incomes go down (ie. recession) these people who got interested won't have any money to buy bitcoin with.

Which is what I've been saying for the past 3 years and is the reason why I believe price is not yet $1 million despite what previous cycles bubble sizes suggested we'd have to reach...

[Wakate]

All these Trump's praises are still alien to me and of course, he will not do anything obviously contrary to his manifestos even if he didn't do anything significant. That's why you will not see him doing anything anti-crypto directly, but to what gain will that be to the market when the expected sentiment has already passed what he is doing? For me, he has done nothing but indirectly hurt the crypto market.

Trump buying a Tesla to support him was a publicity stunt because Elon is close to Trump. He could surprise us by relaxing crypto use but Trump has a habit on reversing promises after making them.

Expect more disheartening reactions from Trump, we shall all witness them.

He will reverse after saying things. He does it all the time.

Should we assume that Trump is not a man of his word? Because I am have seen in many cases where Trump made some promises and didn't fulfill it because of so many advises given to him. I just hope that his support toward Bitcoin would be valid and not some that will change as time goes on. The crypto market has not been stable for a while now and I think many investors are still awaiting again to hear the extent announcement of trump about Bitcoin if it's going to influence Bitcoin to start going bull again just like when he announced the Bitcoin reserve.

[Antotena]

quote]
Donald Trump's crypto related policies have created a lot of uncertainty like you rightly said but we can't shy away from the fact they were also created a lot of optimisms among Bitcoin enthusiasts. Many people who never believed in Bitcoin before now are now interested in Bitcoin because of the recent policies and statements of the most powerful man on the planet concerning Bitcoin.
The price of Bitcoin at the moment might not necessarily meet our desires but there's a strong hope that the market will be bullish in no distant time

What I want you to know is this, without him Bitcoin will do more than what he has done. It's just that he made it quicker and gave some people hope on to trust again but on getting there, he is now looking like he want to change his mind, though I have always doubted about everything he has always want to do regarding Bitcoin. You know politicians are selfish interest people and all they do is because of their own interest, if they aren't going to benefit, they wouldn't support it.

He was strictly the only Anti Kamala everyone had, they were tired of the previous government, he was the only person giving that hope to Bitcoiners, Kamala should have own this business but she was just a puppeteer that only accept what his pay master tells him what to do and how to do it. That's what Trump had as an advantage to win Bitcoin community otherwise, I'm not sure that his past altercation with Bitcoin in his first tenure would have been against him.

[bbc.reporter]

It is very headshaking that the reaction of the market is not so very positive.

That's because bitcoin price is not majorly affected by some local regulations in a small part of the world. There are a lot of other more important factors affecting it. Factors like the global economy and specifically recession.

Trump's policies have created a lot of uncertainty and has hurt the global economic stability. And to put simply when things go south, people tend to sell "risky assets" and turtle down. This is why something like gold has been soaring again.

I disagree on small. This is America the most influential country, this is not a small part of the world. Everyone embraces America's lifestyle including the Chinamen, the Russians, the Brazilians, the Indians, and everyone from all of the continents. This is real influence.

Also, you have replied to your own reply in trying to counter my reply heheheheh. You say the Donald's policies have caused uncertainty and this has stopped the market from pumping. Yes, this has proven that America is not a small part of the world. America's influence is followed by all countries including China, Russia, Brazil, India and everyone from all of the continents.

[pooya87]

It is very headshaking that the reaction of the market is not so very positive.

That's because bitcoin price is not majorly affected by some local regulations in a small part of the world. There are a lot of other more important factors affecting it. Factors like the global economy and specifically recession.

Trump's policies have created a lot of uncertainty and has hurt the global economic stability. And to put simply when things go south, people tend to sell "risky assets" and turtle down. This is why something like gold has been soaring again.

I disagree on small. This is America the most influential country, this is not a small part of the world. Everyone embraces America's lifestyle including the Chinamen, the Russians, the Brazilians, the Indians, and everyone from all of the continents. This is real influence.

Also, you have replied to your own reply in trying to counter my reply heheheheh. You say the Donald's policies have caused uncertainty and this has stopped the market from pumping. Yes, this has proven that America is not a small part of the world. America's influence is followed by all countries including China, Russia, Brazil, India and everyone from all of the continents.

Well you are confusing local decisions with local effects with international decisions with international effects.

What you said in the previous comment I'd quoted was Trump's "positive actions towards projects, exchanges and the developers". That is local decisions and regulations that will mostly have local effects.
For example if Emperor Trump were to really ease regulations on centralized exchanges inside US, the exchanges will still be banned inside China and it is irrelevant whether that "lifestyle" you talked about is being followed by Chinese or not.
Conversely when the Emperor wannabe orders American miners to censor transactions it doesn't affect miners in the rest of the world!

On the other hand we have international decisions with international effects. Which is the uncertainty I pointed out earlier which is the uncertainty in the economic sense in all markets (not the bitcoin market).
For example when he decides to wage an economy war against Canada, Mexico, Panama, Europe, China, Russia, Iran, India, Africa,.... that is global economy that is being targeted and being destabilized and when global economy is disrupted like this, the effects will also be seen in all markets that includes bitcoin market.

[Abiky]

What I want you to know is this, without him Bitcoin will do more than what he has done. It's just that he made it quicker and gave some people hope on to trust again but on getting there, he is now looking like he want to change his mind, though I have always doubted about everything he has always want to do regarding Bitcoin. You know politicians are selfish interest people and all they do is because of their own interest, if they aren't going to benefit, they wouldn't support it.

He was strictly the only Anti Kamala everyone had, they were tired of the previous government, he was the only person giving that hope to Bitcoiners, Kamala should have own this business but she was just a puppeteer that only accept what his pay master tells him what to do and how to do it. That's what Trump had as an advantage to win Bitcoin community otherwise, I'm not sure that his past altercation with Bitcoin in his first tenure would have been against him.

Well, there hasn't been a pro-crypto President in America over the course of history. Donald Trump is the very first POTUS to embrace crypto (particularly Bitcoin) at its fullest. It's no wonder why BTC went up at a very fast pace. Even though now prices have declined, they're still higher than they were a year ago. A huge win for long-term Bitcoin holders. If Kamala Harris had won the 2024 election, Bitcoin wouldn't be able to reach a new ATH. Even more so with SEC chairman Gary Gensler in play. Thank God, it's all over.

I'd expect BTC to reach a new ATH after the dust settles. $500k - $1m is right around the corner. All subject to Donald Trump's handling of the economy. If tariffs continue to increase, then markets will continue to go all the way down the drain. It's good for new buyers, but bad for those who got in at high prices. The future is unpredictable, so we can only hope for the best.

[bbc.reporter]

It is very headshaking that the reaction of the market is not so very positive.

That's because bitcoin price is not majorly affected by some local regulations in a small part of the world. There are a lot of other more important factors affecting it. Factors like the global economy and specifically recession.

Trump's policies have created a lot of uncertainty and has hurt the global economic stability. And to put simply when things go south, people tend to sell "risky assets" and turtle down. This is why something like gold has been soaring again.

I disagree on small. This is America the most influential country, this is not a small part of the world. Everyone embraces America's lifestyle including the Chinamen, the Russians, the Brazilians, the Indians, and everyone from all of the continents. This is real influence.

Also, you have replied to your own reply in trying to counter my reply heheheheh. You say the Donald's policies have caused uncertainty and this has stopped the market from pumping. Yes, this has proven that America is not a small part of the world. America's influence is followed by all countries including China, Russia, Brazil, India and everyone from all of the continents.

Well you are confusing local decisions with local effects with international decisions with international effects.

What you said in the previous comment I'd quoted was Trump's "positive actions towards projects, exchanges and the developers". That is local decisions and regulations that will mostly have local effects.
For example if Emperor Trump were to really ease regulations on centralized exchanges inside US, the exchanges will still be banned inside China and it is irrelevant whether that "lifestyle" you talked about is being followed by Chinese or not.
Conversely when the Emperor wannabe orders American miners to censor transactions it doesn't affect miners in the rest of the world!

On the other hand we have international decisions with international effects. Which is the uncertainty I pointed out earlier which is the uncertainty in the economic sense in all markets (not the bitcoin market).
For example when he decides to wage an economy war against Canada, Mexico, Panama, Europe, China, Russia, Iran, India, Africa,.... that is global economy that is being targeted and being destabilized and when global economy is disrupted like this, the effects will also be seen in all markets that includes bitcoin market.

I very much disagree because if these decisions were made during the bull market on 2021 or 2017, we can be very much certain that bitcoin the whole of the cryptospace would pump much more than the highness that it has pumped.

This is presently a different type of market with the investors and the traders that are very much skeptical despite all of these good news that the Donald has announced. The decision to remove Tornado Cash was very good and very important news for the cryptospace.

[OcTradism]

I very much disagree because if these decisions were made during the bull market on 2021 or 2017, we can be very much certain that bitcoin the whole of the cryptospace would pump much more than the highness that it has pumped.

This is presently a different type of market with the investors and the traders that are very much skeptical despite all of these good news that the Donald has announced. The decision to remove Tornado Cash was very good and very important news for the cryptospace.

It is very controversial.

Like banning a knife use or arresting a knife producer. It is like banning Tornado cash use or arresting the founder who coded the source code of Tornado Cash as well as other mixers, it's surely endless controversy.

TORN is the only one cryptocurrency that was delisted from Binance then recovered well months after that. I like mixers and privacy coins but in the world with uncertainty and perhaps more and stricter regulations on cryptocurrency industry in general and mixers in particular, it's safer to stay away from mixers and privacy coins for your investment portfolio in coming years.

[SensitiveEyes]

Trump can simply turn his had in the opposite direction to Bitcoin if he wanted but he wants Bitcoin to live. Underestimating how Elon is a constant presence around Trump would be wrong. If he wants to see Bitcoin grow he knows what to do.

Should we assume that Trump is not a man of his word? Because I am have seen in many cases where Trump made some promises and didn't fulfill it because of so many advises given to him. I just hope that his support toward Bitcoin would be valid and not some that will change as time goes on. The crypto market has not been stable for a while now and I think many investors are still awaiting again to hear the extent announcement of trump about Bitcoin if it's going to influence Bitcoin to start going bull again just like when he announced the Bitcoin reserve.

[ZeroVinsonN]

It is very headshaking that the reaction of the market is not so very positive.

That's because bitcoin price is not majorly affected by some local regulations in a small part of the world. There are a lot of other more important factors affecting it. Factors like the global economy and specifically recession.

Trump's policies have created a lot of uncertainty and has hurt the global economic stability. And to put simply when things go south, people tend to sell "risky assets" and turtle down. This is why something like gold has been soaring again.

Alot of factors in play also tend to affect bitcoin price, like demand and supply, the halfing that happens every 4 years where the rate of mining bitcoin gets halfed affects the supply of bitcoin and this also tends to ultimately affect the price of bitcoin itself, how world governments and international organization react to bitcoin also affect the price like how Trump's announcement affected the price, the same thing also happened when Tesla said they were going to accept payment in bitcoin, a price surge happened because of this not to forget that the availability of ETFs also affects the price.

[bbc.reporter]

I very much disagree because if these decisions were made during the bull market on 2021 or 2017, we can be very much certain that bitcoin the whole of the cryptospace would pump much more than the highness that it has pumped.

This is presently a different type of market with the investors and the traders that are very much skeptical despite all of these good news that the Donald has announced. The decision to remove Tornado Cash was very good and very important news for the cryptospace.

It is very controversial.

Like banning a knife use or arresting a knife producer. It is like banning Tornado cash use or arresting the founder who coded the source code of Tornado Cash as well as other mixers, it's surely endless controversy.

I very much agree and I have been making the same argument before. However, it appears that if we apply a similar argument for Tornado Cash and the actions of the Donald's administration on their correct decision to remove the sanction, it appears that there will be some people that will have some difficulty on this as the correct decision hehehee. They will question this first and create reasons despite knowing that it was the correct decision before accepting heheheh. It is very headshaking behavior hehe.

[pooya87]

I very much disagree because if these decisions were made during the bull market on 2021 or 2017, we can be very much certain that bitcoin the whole of the cryptospace would pump much more than the highness that it has pumped.

This is presently a different type of market with the investors and the traders that are very much skeptical despite all of these good news that the Donald has announced. The decision to remove Tornado Cash was very good and very important news for the cryptospace.

Fair enough. I can agree with that. Positive news has a different effect during a bull market compared to during a bear market and conversely negative news has a different effect. It has to be aligned with the trend. We've had many similar cases like some shitcoin exchange being hacked during a bull market and nobody caring about it but when another shitcoin exchange is hacked during a bear market people do panic sell and price drops more regardless of the fact that the shitcoin exchange hack news is insignificant and has nothing to do with bitcoin.

[Sticky Bomb]

I've said before he became the president that Trump could be the reason the bear market would happen faster than anticipated, due to his actions and inactions. His actions in the first few weeks in the office had done enough damage already to the point that the market doesn't take his words for a long-term positive reaction anymore.

Expect more disheartening reactions from Trump, we shall all witness them.

From the moment he made the post about his interest in strategic reserve idea and plans to make the US the center of crypto and he posted these three coins ADA, XRP and SOL. It became obvious to me that he doesn't have much plans for Bitcoin.

Furthermore, his mentioning that Bitcoin would be added as a reserve made the market react positively, then coming back to say three reserve would be fueled by confiscated bitcoins instead of new purchases saw the market retract by over 4% almost immediately as investors lost confidence.

Furthermore, his tariff policies has increased fear about economic stability, which is prompting investors to look out for safer assets to invest on rather than a fairly risky Bitcoin and this increases downward pressure on Bitcoin.

I'm only happy that Bitcoin is decentralized and only his actions cannot determine bitcoin's future. This is validated in the recent price surge from 83.5k to 88.5k in a short while. Which makes me know that the the bear markets isn't totally dependent on his actions. Bitcoin would still follow it's trend regardless.

[john_egbert]

I very much disagree because if these decisions were made during the bull market on 2021 or 2017, we can be very much certain that bitcoin the whole of the cryptospace would pump much more than the highness that it has pumped.

This is presently a different type of market with the investors and the traders that are very much skeptical despite all of these good news that the Donald has announced. The decision to remove Tornado Cash was very good and very important news for the cryptospace.

Fair enough. I can agree with that. Positive news has a different effect during a bull market compared to during a bear market and conversely negative news has a different effect. It has to be aligned with the trend. We've had many similar cases like some shitcoin exchange being hacked during a bull market and nobody caring about it but when another shitcoin exchange is hacked during a bear market people do panic sell and price drops more regardless of the fact that the shitcoin exchange hack news is insignificant and has nothing to do with bitcoin.

Sentiment is a tricky thing.

And we even had such an example now - Bybit being hacked while the market was amidst the storm. And nobody put much on it, nobody started panic selling on a bigger scale, and so on.. It just happened and poofed out, also because Bybit handled it accordingly.

[Sonia_123]

Trump Media To Launch Crypto ETFs In Partnership With CryptoCom
The Trump Media ETF push with CryptoCom will expand beyond the digital currency ecosystem to high valued American industries
https://coingape.com/trump-media-to-launch-crypto-etfs-with-cryptocom/

The Trump Media group wants an ETF push
CryptoCom will play a key role as the broker for the ETF
This ETF venture will compliment the crypto engagements of World Liberty Financial

[FortuneFollower]

Trump Media To Launch Crypto ETFs In Partnership With CryptoCom
The Trump Media ETF push with CryptoCom will expand beyond the digital currency ecosystem to high valued American industries
https://coingape.com/trump-media-to-launch-crypto-etfs-with-cryptocom/

The Trump Media group wants an ETF push
CryptoCom will play a key role as the broker for the ETF
This ETF venture will compliment the crypto engagements of World Liberty Financial

Of all things to make ETFs for..