Does Donald Trumps posses potential of influencing bitcoin price?

[Taskford]

He has the ability to make the price change, but the good thing is that he doesn't have any power over it directly, only the price of it. Tomorrow he can wake up and say that all Americans are banned from holding or trading bitcoin and everyone who has bitcoin needs to sell it by the end of the month. Not that he will do it, of course he won't, but he has the "power" to do it, or after the elections new one can do it.

"Power to do something" isn't the same as doing that thing, he just has that power. This would change price of bitcoin drastically, would crash it entirely. However, it would not make a difference in bitcoin itself, chain would continue, only the price would change.

For now he can manipulate people's mind towards those implementation and other disturbing actions he have done, but I also believe that in future he might lose his power and investors later on realize that if they won't listen to Trump no bad movements will happen.

Bitcoin supposed to be not controlled by anyone due to its decentralize nature. Hopefully people stop listening or reading nonsense about bad actions done by this people, so Bitcoin will continue to climb and became good asset to used by lots of people.

[BALIK]

Donald Trump isn’t just America’s president, he is an important figure in the society and surely does amass a lot of following due to his knowledge and exploits in the business space.

He has in the past become the spark that influenced others to more demands on Bitcoin and even sells due to his tweets, pending what direction he chose but, that’s as much as it goes. Still, his strength is as much as we believe and that’s it.

Which period in the past are you referring to where Trump may have impacted the cryptocurrency market?

Trump is a successful businessman and one of the 100 richest people in the world. However, he would be nothing and his statement would have no impact on the market if he were not president. Even someone as influential as Elon Musk can only have a limited impact on the market, Trump is nothing. The market reacted to Trump because of the office and political power he held, not because he was a businessman.

I bet that if he had not been elected, nobody would have mentioned or cared about him, let alone his pronouncement about the market.

[Webutxo]

I have come across several discussions that argues about Trump's influence of manipulating bitcoin price which some says an ordinary talk from one man can not just pull such attraction in the bitcoin market but yet, in the previous speeches of the president, he has really proved some great impacts in bitcoin and crypto.
He is the president of the USA and we know the stance of the United States in world both economy and political. Infact whether we like it or not, Trump is a global influencer who have influence wherever he interferes.

And if bitcoin price can be drive by news and economy activities, definitely Trump's speech could have some potential to manipulate price. Of course we felt the influence in the tariff plans and foreign market policies and the rest that is eased for investors and pensioners to be encouraged to buy and invest in the bitcoin market.

Bitcoin was already doing better before it becomes politically exposed. It has become a norm that Bitcoin don't make moves if blood news doesn't comes from the white house. If there is good news, everyone celebrate the sbrot term gains and when it there is bad news, everyone take their loss, we don't have anything on Bitcoin speculation than those news. Initially the comparison was to be better than government but it's now like dependents.

Some inner cycle enjoys this news, they get to do their things, open long when they know that something good is coming, they open position for their trades and then sell off immediately and short the market when they see danger coming at the market.

[Abiky]

Not only China, but the whole world is reducing its USD reserves and buying gold to fill that gap. That caused the price of gold to skyrocket. This is a consequence of Trump's extreme political policies after a year in power.

To be fair, Trump maintained his pro Bitcoin stance after taking office, and it can be said that he has somewhat kept his promise. But what the market didn't anticipate was that he would throw the global economy into chaos. And unfortunately, Bitcoin cannot perform well in such an environment.

That makes me wonder why countries aren't rushing to buy BTC as well? I mean, Bitcoin has long been touted as "Gold's successor" (aka Digital Gold). I guess the world is not ready for Bitcoin yet. BTC is only 17 years old, while Gold has been around for centuries. This is perfectly understandable. Perhaps, the recent decline in Bitcoin's value has to do with Trump's "connections" with it. After all, Trump has been known by many as the "Crypto President". Investors might be punishing Trump by selling or reducing their exposure to Bitcoin as a result of his uncertain tariff policies and expansionist agenda.

On the bright side, this is the perfect opportunity to buy more BTC at a discount. If you held Gold and Silver prior to the recent "pump", you can use those profits to buy more Bitcoin. Long-term speaking, I'm sure Bitcoin will reach a new ATH without Trump at the helm. Only time will tell...

[Alex077]

I have come across several discussions that argues about Trump's influence of manipulating bitcoin price which some says an ordinary talk from one man can not just pull such attraction in the bitcoin market but yet, in the previous speeches of the president, he has really...

I believe Trump has a massive influence on Bitcoin’s price. directly - through statements about tariffs, trade wars, import duties, all that macro noise.
And indirectly - when he puts his people into key positions.
For example, speaking at an event in Iowa on Tuesday, Trump told his supporters that he’s close to deciding who will lead the Fed.
 https://crypto.news/trump-predicts-rate-cuts-after-replacing-federal-reserve-chair/
,,When we have a great Fed chairman  and I think we will - I’ll announce it pretty soon. And you’ll see interest rates come down a lot,,
That’s a pretty direct link between his future Fed pick and an upcoming monetary easing cycle.
So yeah, it’s very possible that with a new Fed chair -especially one who's crypto-friendly, we'll see several rate cuts. And that means more liquidity sloshing around, some of it inevitably flowing into crypto. Which, as history shows, tends to push Bitcoin up.
 Nothing guaranteed, of course, but if you’ve been around long enough, you know how this game usually plays out.

[ThemePen]

Despite being world wide system, Trump Effect exists as fact since US laws rule huge amounts of money worldwide. President going for crypto sends message to large money groups and retirement funds that government is no longer going to attack them, so they can go ahead and put trillions in the digital items. Bitcoin technology does not change but price goes up and down depending on view that US will become crypto capital of world that would make item to be less risky and more loyal to buyer. Also, traders are currently using Bitcoin to place bets on result of political decisions, for example its value tends to change depending on election votes and speeches of presidents. This shows that leader of US is main sign of market on future of digital money.

[Alonso_]

I think Trump have been a huge influence to Cryptocurrency, I wouldn’t only think about Bitcoin but also cryptocurrency overall, because when we are talking about Trump his policies have one way or the another affected bitcoin itself, considering now that we are hearing rumors of war with Iran and other countries like talking about Military actions on Greenland which he has said he will not be involving any military action on Greenland because of his Relationship with NATO, and NATO as an organization knows they obviously can’t do without USA, but when we hear about this news and things like this happening it always affects the bitcoin price, because many investors who are holding Bitcoin assets considers trading and selling there Bitcoin, because there is every tendency that the price might be hitting low point, when this news starts emerging, investors eventually panic and sell their Bitcoin investments to avoid loses, so there is a huge possibility that Trump have a huge and massive influence on the Bitcoin and stock markets.

[melinoe]

Donald Trump isn’t just America’s president, he is an important figure in the society and surely does amass a lot of following due to his knowledge and exploits in the business space.

He has in the past become the spark that influenced others to more demands on Bitcoin and even sells due to his tweets, pending what direction he chose but, that’s as much as it goes. Still, his strength is as much as we believe and that’s it.

Which period in the past are you referring to where Trump may have impacted the cryptocurrency market?

Trump is a successful businessman and one of the 100 richest people in the world. However, he would be nothing and his statement would have no impact on the market if he were not president. Even someone as influential as Elon Musk can only have a limited impact on the market, Trump is nothing. The market reacted to Trump because of the office and political power he held, not because he was a businessman.

I bet that if he had not been elected, nobody would have mentioned or cared about him, let alone his pronouncement about the market.

There would be "news" on it for sure, but the market would be indifferent, that's for sure.

Because how it wouldn't be the case if he "were" relevant - but he wouldn't be truly bringing something to the table if he weren't in the seat he is currently is.

[EFS]

Bitcoin doesn't need DT or any other president to rise. There's no need to rely on them either. DT should focus on his own affairs. His legitimacy has become increasingly questionable. On one hand he's trying to seize other countries' territories, while on the other hand his police forces are killing their own citizens. There is no place in the crypto world for any influence coming from him.

[retreat]

It's not just potential, but with what's happening in the market, you see that he has the power to influence the market. It's no wonder, he gained so much power when he became president of the United States, especially when he launched a narrative of making America the "Crypto Capital," so many crypto investors paid attention to him. However, when he says things that don't favor the market, the price is affected by investor reactions. But don't worry, that's something you don't need to worry about because his term as president is short, and after that, no one will listen to him anymore.

[UmerIdrees]

For now he can manipulate people's mind towards those implementation and other disturbing actions he have done, but I also believe that in future he might lose his power and investors later on realize that if they won't listen to Trump no bad movements will happen.

Bitcoin supposed to be not controlled by anyone due to its decentralize nature. Hopefully people stop listening or reading nonsense about bad actions done by this people, so Bitcoin will continue to climb and became good asset to used by lots of people.

The problem is that even though Bitcoin is decentralized, you need the money/liquidity to move the Bitcoin price up, and the current market is mostly driven by the institutions. What does this mean?

Well, the institutions put a huge amount of money, but they do not blindly follow anything. They still think that bitcoin is a risky asset like a stock, and they treat it like this. They predict the uncertain world conditions in the near future, and therefore they are more interested in buying gold/silver and metals as compared to bitcoin. Bitcoin hasn't been tested in a war situation, but gold has, and that is the reason we see the big money shifting towards gold accumulation.