Trump is a mistake for bitcoin?

[EarnOnVictor]

Your effort with the price range is okay, after all, the gist was well passed, but the accurate one was from $2750 to $2536, which was massive! But now, Gold hit the ATH of $3167 yesterday due to Trump's action.

I later discussed about it on the second page of this thread using gold daily chart on MT4: https://bitcointalk.org/index.php?topic=5536851.msg65228350#msg65228350

Oh, I will check it.

There is something strange about bitcoin this time around and it is because of Trump. It is never really correlate with stocks in long term. I hope this would be what will happen.
I think gold holders have more experience than bitcoin holders as they make gold stay away from politics.

Well, we can't say that the trump factor is not part of it because it's good for assets, and even companies to stay away from the frontline politics, otherwise, it may cause instability in price if linked to a certain political figure. Still, it's not the totality of it, Bitcoin is a risk-on asset, I don't expect it to react differently in the case of an economic uncertainty like this.

[Donneski]

Why are just discussing about the negative effects of Donald Trump's decision to invest in Bitcoin and not talk about the positive effects. Before the bullish run late last year till the beginning of this year, I don't think there are people who thought that Bitcoin will hit the current ATH. It was after he publicly endorsed Bitcoin and disclosed his interest in hugely investing in Bitcoin that the price suddenly began to experience unusual uptrend movement. I'm not disputing the fact that his involvement in Bitcoin is beginning to regulate the activities in the Bitcoin market but I think it's just a temporary impact that'll soon be a history. The bull run we all are anticipating isn't here yet and I strongly believe we all are gonna smile at the end when we bull run kicks off

[EarnOnVictor]

No, it fell from 2745 to 2651 and then went up back again. Where did you check statistics? Maybe I'm checking wrong charts or wrong websites.

I did not put my mind there and I did not have the app that I can use to access it then I posted the topic. I downloaded MT4 just now to check the price. It fall from $2790 to $2536 before increasing back.

   

As I said in the last post, it's nothing, the gist has been well-conveyed by you and people should understand it easily. But wait a minute, which broker's MT4 did you use? I asked because the upper level you quoted is way higher than the peak of that day and even of the peak of the day before. It should average around $2750 according to all the brokers I've checked.

Regardless, the Trump factor has caused a huge uncertainty in the market and has pushed Gold quickly to $3,167 ATH instead of Bitcoin which people expected he would help. If care is not taken, Gold may witness $3500 before the end of 2025.

[Btcdeybodi]

It's not as if am in support of what Trump is doing, but i think we are paying so much attention to Donald Trump and his government. He just got into office not up to 4 months regardless it is his second time in office but i think he still needs time to fix things. However, in every new government, there are some challenges and hard decisions they take before things begins to get better except it lingers for a very long time. I don't know how long this situation will last but we should watch out how the price of bitcoin will be impacted within his first year in office, if he's unable to fix things then we can just conclude he played a smart one on us just to get support for his election while he had hidden agenda contrary to what he said in his election campaign speeches. It is very annoying to see bitcoin falling with stocks, but i still believe that this tariff wars will be over and the market will come back stronger.

[Iranus]

Regardless, the Trump factor has caused a huge uncertainty in the market and has pushed Gold quickly to $3,167 ATH instead of Bitcoin which people expected he would help. If care is not taken, Gold may witness $3500 before the end of 2025.

If gold hits $3500, it means that risk assets like bitcoin, stocks will continue to experience more sell-offs and we will enter a bear season this year. Gold is a safe haven, if the demand for gold continues to increase and push prices higher, this only shows that the economic turmoil is getting worse. That's not a good scenario for speculative assets, I don't expect that to happen.

We always expected bitcoin to be a store of value but it seems that has not come true yet, people still tend to dump it whenever the economy is unstable instead of thinking that it can help them.

[Call_Me_Guru]

Our big mistake is that we believe that Trump will promote bitcoin that may lead to global adoption. That’s why we become excited when he won the election. But what we didn’t know is that he will only use bitcoin or  cryptocurrency in general to launch their own meme coins.

It’s a clear proof that Trump has deceived us, when we think that bitcoin is his focus and main goal, but end up promoting his own cryptos for their personal gains and interest.

Trump is a businessman, not an enthusiast of crypto.

That would explain everything and leave no questions to it.

No, you may be right, but this answered raised more questions and not leave no question as you said.

If Trump is not a crypto enthusiasts, why identifying himself with cryptocurrency, created his own crypto and adding Bitcoin and altcoins in his crypto portfolio?

[dwyane36]

If Trump is not a crypto enthusiasts, why identifying himself with cryptocurrency, created his own crypto and adding Bitcoin and altcoins in his crypto portfolio?

At the very least, Trump has endeared himself to younger voters by emphasizing Bitcoin and cryptocurrencies during the election campaign. In addition, it's worth noting that Trump was supported by such cryptocurrency companies as Coinbase, Ripple, Kraken, and a16z. Personally, I think that Trump's increased focus on Bitcoin and cryptocurrencies is because of this. In other words, he isn't a crypto-enthusiast, but just promoting the interests of the companies that supported him.

[BenCodie]

Trump is going to make everyone feel the pain of an economic restructuring. We are entering recession territory, as a result of money printing and quantitative easing that has gone on much longer than it should have...Trump and his parties are simply moving the pieces to make sure the world can still turn while this crash plays out. Expect blood in the markets for as long as it takes to fix the mess.

[tread93]

Bitcoin has been following United States stocks in trends like never before. During the election, Trump helped bitcoin to increase but the tariff he is imposing on other countries makes the United States stocks to suffer while bitcoin is part of the assets that was affected.

He started with China, then Canada and Mexico. Bitcoin price fall. He moved to European Union countries and the price continue to fall. The latest he imposed was on imported cars which was two days ago. The market did not react fast but later bitcoin fall again as you can see.

When Trump was elected, it was gold that suffered. It fall from I think $2900 to $2500. My price is not that accurate but the fall was significantly with the price I posted. Later gold start to increase again. It is not moved by the Trump's tarrif because and it continues to increase and hit ATH. Gold is now above $3050 as stocks and bitcoin suffers.

What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.

The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.

I think that you need to zoom out and look at the bigger picture of what's going on here. Trump is strategically correcting the market and trying to get the FED to cut rates so that America can get a shot again at affordability of basic necessities like having lower mortgage rates, lower prices on American made goods. He is trying to increase the manufacturing jobs and plants in the US to in the long term have us rely less on imports but focus on exporting and level the playing field on trade rates. Imposing tariffs is smart. Adopting bitcoin is smart and creating the strategic reserve will take time to fully implement. You are critiquing a work-in-progress. Markets will take time to adjust and there will be growing pains but ultimately I think this will play out well to even up the flow of money and goods. Bitcoin is and always will be its own animal in its own right but it definitely is showing that politics can not only affect the price of bitcoin but every asset class in existence.

[countryfree]

It's about time for BTC to stand on its own. I know BTC has been following stocks for years, but that has to stop.
Trump's tariffs will make German cars, French wine and Chinese clothing more expensive, but there's no relation those goods and BTC.

There's no tariff on BTC. We are BTC investors and traders, tariffs should have no effect on us.

[Agbamoni]

Why are just discussing about the negative effects of Donald Trump's decision to invest in Bitcoin and not talk about the positive effects. Before the bullish run late last year till the beginning of this year, I don't think there are people who thought that Bitcoin will hit the current ATH. It was after he publicly endorsed Bitcoin and disclosed his interest in hugely investing in Bitcoin that the price suddenly began to experience unusual uptrend movement. I'm not disputing the fact that his involvement in Bitcoin is beginning to regulate the activities in the Bitcoin market but I think it's just a temporary impact that'll soon be a history. The bull run we all are anticipating isn't here yet and I strongly believe we all are gonna smile at the end when we bull run kicks off

Patience is a virtue they say. Let us be patience with Trump so we see where everything he is doing is going to end. It not up to 5 months since he was inaugurated as the US president. Yet we have heard so much news on how bad his policies have affected Bitcoin so much. The first effect made bitcoin to start am upward movement until it breaks a new ATH. Now bitcoin is going down we are now blaming trump for it.

Trump has the benefit of his country in mind. If all he is doing is going to affect bitcoin then he sure will do it without thinking twice. Before we start complaining let us watch and see for ourselves first.

[Swordsoffreedom]

Why are just discussing about the negative effects of Donald Trump's decision to invest in Bitcoin and not talk about the positive effects. Before the bullish run late last year till the beginning of this year, I don't think there are people who thought that Bitcoin will hit the current ATH. It was after he publicly endorsed Bitcoin and disclosed his interest in hugely investing in Bitcoin that the price suddenly began to experience unusual uptrend movement. I'm not disputing the fact that his involvement in Bitcoin is beginning to regulate the activities in the Bitcoin market but I think it's just a temporary impact that'll soon be a history. The bull run we all are anticipating isn't here yet and I strongly believe we all are gonna smile at the end when we bull run kicks off

What's more ridiculous is that many people deny that Trump is the catalyst that helped Bitcoin increase in price and reached ATH, they say it's due to the impact of halving and just a coincidence. Trump has no impact or influence on Bitcoin, Bitcoin is completely independent of politicians but many people blame Trump for the recent decline of Bitcoin. If Trump doesn't win and Kamala becomes president, I bet she'll be responsible for bitcoin's decline.


No one is at fault and if we want to blame, let us first blame ourselves for not being able to control our greed.


I don't know if the bull season is over but one thing I do know is that Bitcoin has gone up a lot and has hit ATHs in this cycle. If the bull season ends and we enter a bear market, that is normal because the market is unpredictable.

[Pandorak]

Bitcoin has been following United States stocks in trends like never before. During the election, Trump helped bitcoin to increase but the tariff he is imposing on other countries makes the United States stocks to suffer while bitcoin is part of the assets that was affected.

He started with China, then Canada and Mexico. Bitcoin price fall. He moved to European Union countries and the price continue to fall. The latest he imposed was on imported cars which was two days ago. The market did not react fast but later bitcoin fall again as you can see.

When Trump was elected, it was gold that suffered. It fall from I think $2900 to $2500. My price is not that accurate but the fall was significantly with the price I posted. Later gold start to increase again. It is not moved by the Trump's tarrif because and it continues to increase and hit ATH. Gold is now above $3050 as stocks and bitcoin suffers.

What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.

The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.

I started to ponder deeper, trying to think how this could happen, and finally realized what you said is very true.

Thinking Trump victory was a good start for the crypto world, especially Bitcoin, his iconic speech, hypnotizing every eye with every word, and the sweet campaign promises he made.

Evidently in just a few months the market seemed to have entered a bearish phase, a very bad moment when Bitcoin holders believed and hoped Bitcoin would make a new ath after Trump took office.

But the reality is that since the presidency was officially occupied by Donald Trump, the bad news keeps coming which slowly but surely has a significant impact on the price drop, plus Trump tariffs are really ruining everything, an economic war that will impact almost all sectors.

[tvplus006]

Why are just discussing about the negative effects of Donald Trump's decision to invest in Bitcoin and not talk about the positive effects. Before the bullish run late last year till the beginning of this year, I don't think there are people who thought that Bitcoin will hit the current ATH. It was after he publicly endorsed Bitcoin and disclosed his interest in hugely investing in Bitcoin that the price suddenly began to experience unusual uptrend movement. I'm not disputing the fact that his involvement in Bitcoin is beginning to regulate the activities in the Bitcoin market but I think it's just a temporary impact that'll soon be a history. The bull run we all are anticipating isn't here yet and I strongly believe we all are gonna smile at the end when we bull run kicks off

Trump's influence on the stock and cryptocurrency markets is vividly illustrated in the chart below. The TOP 10 coins are what has really been achieved since Trump's inauguration, that is, January 20, 2025.

[BenCodie]

Why are just discussing about the negative effects of Donald Trump's decision to invest in Bitcoin and not talk about the positive effects. Before the bullish run late last year till the beginning of this year, I don't think there are people who thought that Bitcoin will hit the current ATH. It was after he publicly endorsed Bitcoin and disclosed his interest in hugely investing in Bitcoin that the price suddenly began to experience unusual uptrend movement. I'm not disputing the fact that his involvement in Bitcoin is beginning to regulate the activities in the Bitcoin market but I think it's just a temporary impact that'll soon be a history. The bull run we all are anticipating isn't here yet and I strongly believe we all are gonna smile at the end when we bull run kicks off

Trump's influence on the stock and cryptocurrency markets is vividly illustrated in the chart below. The TOP 10 coins are what has really been achieved since Trump's inauguration, that is, January 20, 2025.

This does paint a clear picture. Though this shouldn't come as any surprise. It was foolish for anyone to think that amidst all of the positive sentiment from so many groups of people and institutions, that it wasn't at least a local top. I feel sorry for anyone who was expecting a green candle to $1,000,000 after his inauguration...I know there were people who were on this page, sadly for them. Hopefully they don't sell low

It's about time for BTC to stand on its own. I know BTC has been following stocks for years, but that has to stop.
Trump's tariffs will make German cars, French wine and Chinese clothing more expensive, but there's no relation those goods and BTC.

There's no tariff on BTC. We are BTC investors and traders, tariffs should have no effect on us.

It hasn't been following stocks. It's been following M2 money supply expansion. It will likely continue to follow it, and if M2 contracts (after a long period of expansion) then the USD will become stronger against BTC and stocks, likely trending them both downward. Bitcoin will shine during the next recovery/expansion.

[JiiBs]

What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.

The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.

Something I don’t clearly understand with the OP is,
How is the imposed tariff related to the drop in Bitcoin price? I’m not getting that really clear as, Bitcoin isn’t directly put into contexts here and it’s not as though, Bitcoin was the currency that is used in trade between these countries. The USD still feels that space as well as gold, crude oil and many more of those precious minerals. Bitcoin isn’t one of them so, how is it getting this affected.

You’re obviously right when you say, Bitcoin doesn’t need Trump, it didn’t in the last decade and that wouldn’t change now.

[Orpichukwu]

Trump’s stance on Bitcoin is unclear—he’s criticized it but also embraced NFTs. Regulation and political influence matter, but Bitcoin’s decentralized nature limits any one leader’s impact long-term.

Since his campaign and his stay in office, I have not watched or read where he has said anything negative about Bitcoin. He has been very neutral with his statements, not because Bitcoin is decentralised but because they are looking for what they can believe from him. Right now, his tariff war is playing a poker game with Bitcoin indirectly, as Bitcoin is not the only asset affected; stocks were not left behind.

[Cryptmuster]

At the very least, Trump has endeared himself to younger voters by emphasizing Bitcoin and cryptocurrencies during the election campaign. In addition, it's worth noting that Trump was supported by such cryptocurrency companies as Coinbase, Ripple, Kraken, and a16z. Personally, I think that Trump's increased focus on Bitcoin and cryptocurrencies is because of this. In other words, he isn't a crypto-enthusiast, but just promoting the interests of the companies that supported him.

Ripple supported Kamala Harris during the election campaign, even made a very significant contribution, but after Trump won, they immediately began to establish friendly relations with his administration, so it is clear that they were looking for support in the government and are interested in this. Trump was interested in winning the election, for this he was looking for support from voters and Bitcoin was just a tool for him, and Bitcoin has never needed support from governments to grow before, so everything will be fine after this tariff hype dies down.

[hero_the_bossman]

Trump’s stance on Bitcoin is unclear—he’s criticized it but also embraced NFTs. Regulation and political influence matter, but Bitcoin’s decentralized nature limits any one leader’s impact long-term.

Since his campaign and his stay in office, I have not watched or read where he has said anything negative about Bitcoin. He has been very neutral with his statements, not because Bitcoin is decentralised but because they are looking for what they can believe from him. Right now, his tariff war is playing a poker game with Bitcoin indirectly, as Bitcoin is not the only asset affected; stocks were not left behind.

No market is left behind due to his actions.

Stocks move the investors` minds toward many things, and many of them think of a "Black monday" type of situation due to Donald.

[Hewlet]

I'm not disputing the fact that his involvement in Bitcoin is beginning to regulate the activities in the Bitcoin market but I think it's just a temporary impact that'll soon be a history. The bull run we all are anticipating isn't here yet and I strongly believe we all are gonna smile at the end when we bull run kicks off

The discussion has not been just regarding the negative ripples his being a part of the Bitcoin community has caused. In the same way the Bitcoin community is outlining the negative effect his decisions have on them, other sectors that are equally affected by the whole tariff stuff are equally gushing out their own share of their lamentation. when he gave positive insight into what he plans to do for the bitcoin community, and how much involvement the U.S will be in terms of holding bitcoin, he received the applaud and was warmly welcomed by the community, it is same reason why he was supported till he eventually won and became the president. if things goes contrary from what people expect of him, it is just normal to talk about it. again, it was not as though Bitcoin was waiting for his emergence as the president before getting to a new ATH; the effect of the Bitcoin halving was already dawning, coupled with his bullish stand, and they all combined, resulting in the last ATH.