Does Donald Trumps posses potential of influencing bitcoin price?

[Swordsoffreedom]

Trump has the power to change all global markets, not just the Bitcoin market. He's not just an ordinary person; he's the president of the world's largest economic, political, and military power. Therefore, whatever he says, whether it is economic, political or military will have a major impact on all markets.

We have two clear examples recently: the increase in tariffs and the arrest of Venezuelan President Maduro. Both events led to major changes in global markets. So yes, Trump has the power to change all markets thanks to his unpredictability.

When a nation or a person tries to manipulate the market many times, people in the market will gradually adapt better and become less affected by news from that nation or that person. The same news type will have less effects on the market with time if it is reused repeatedly many times.

You can verify my opinion by checking how the market responses with news from China bans on cryptocurrency or crack down on mining industry, Bitcoin futures applications in the past (failures many times) to Spot ETF applications (similarly many failures before batch approvals in January 2024). You can see the same market response pattern on Elon Musk's twets.

This would only be partially true for Trump. I mean, if he keeps making statement about crypto but does not actually take any concrete action. Gradually, the market will stop caring about what he say. However, as long as he remains president of the US, any economic or political policies he enact will impact the market in various ways. Because ultimately, bitcoin and its investors are part of the economy, and any policy that impact the economy will also impact bitcoin

He is different from Elon Musk or anyone else because he is the president of the world's leading superpower. The US is the world's leading economy and financial center

[Alpha Marine]

This should not even be a debate, but as usual, people get extreme with everything.
Trump is the president of the biggest economy in the world, so he definitely has power. People make decisions based on his policies, so it's no secret that what he says or does can affect bitcoin. His actions or words may make people either buy an asset or sell off the asset.

The problem is that people overemphasise it and make it seem like he is the author and finisher of the fate of Bitcoin. Even if he was against it, Bitcoin would be fine. It may simply have more hurdles to cross, but it will be fine.

[Kelward]

Trump has being a big of influence in the cryptocurrency market and him also being an influencer anywhere he finds himself makes him to have impact like this. There is an individual influence in the market and it’s very different from when a government have influence in the market more. The impact we see in the cryptocurrency market anytime Trump speaks of the market or about global economy is because of his position as the president of the United States which the country already have much influence in global economy. If he was not the sitting president, his influence in the crypto market wouldn’t have been felt this much as we are experiencing it now.

I tend to agree with you that Trump's influence on Bitcoin price is basically because he is the president of America, which is an influential country in global economy, America, is heavy weight and if their president talks, it's impact will be felt globally. Although Trump, is exceptional as an individual, even during election period his romance with cryptocurrency to get bitcoiners votes influenced the market to be bullish. Different events have shown since he became president that he has potentials to manipulate Bitcoin price, they all can't be coincidence but we must note that Bitcoin always recovers eventually.

[Die_empty]

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.

Donald Trump, as an individual, doesn't have the power to influence the price of Bitcoin. But the office he occupies gives him that influence to slightly manipulate the market. The US has the biggest economy and hosts the highest number of crypto companies in the world. The country also holds the highest number of Bitcoins. Bitcoin price is affected by the global economy and politics, and policies from the US affect the world is all remifications.

It is also important to note that politicians cannot be trusted. It might be risky to buy or sell Bitcoin based on political or economic statements by politicians like Trump. He is well-known for making inconsistent policies.     

[Synchronice]

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.

The United States of America is the number one economy and militarily the most powerful country in the world. I.E. the USA is N1 in every aspect. It has a presidential system of government, so, when you are one man and are the president of the United States, you definitely can have an influence over the price of Bitcoin. Trump can destroy this coin and can rise this coin as well.
Trump just recently said that he can crush the housing market and give people the ability to buy houses and I'm sure he can really do that. Everything is speculative and everything carries a significant psychological value. It's easy to mess with stupid people's mind and the majority of people are in that class, even if they have money.

[snowpega]

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.

Trump has its big influence on the bitcoin market since the day he became the President of the US. And no doubt the majority of the world market assets follow the movement of the US economy and market growth, as the US is leading the stock and crypto market, kind of on top, haha, as there are a lot of individuals and companies that are holding billions of dollars in bitcoin that are US-based. That is why whatever trump santance has a big influence on overall market sentiments.

Like, if he makes any bullish statement in the media, the whole market condition starts to make bullish moves, and in the same way, if he brings any bad news on social media, then the whole market sentiment starts to move towards a bearish trend. And in this way, a lot of people start to panic, and a lot of money starts to be wasted. But I believe that only holders stay calm in any kind of situation of the market because they have planned to stay in the market for the long term.

[Agbamoni]

We see that he has a greater influence on the market than other US presidents, simply because he cares about it and talks about it frequently. Meanwhile, other presidents seem to have little interest in the market. That is the difference

Let me cut you short right here. Trump dont care about Bitcoin; it is better to say, he has a political interest in Bitcoin.

All this time, we have seen the price being affected by Trump annoucement during the economic and tariff war. It was clear it wont last for long. The reason can also be for his personal benefit.

[Catenaccio]

Trump has its big influence on the bitcoin market since the day he became the President of the US. And no doubt the majority of the world market assets follow the movement of the US economy and market growth, as the US is leading the stock and crypto market, kind of on top, haha, as there are a lot of individuals and companies that are holding billions of dollars in bitcoin that are US-based. That is why whatever trump santance has a big influence on overall market sentiments.

His time in the White House will end, next three years and it flies fast if you know that Trump has been in the White House for almost one year already. With his limited time in the White House, whatever he does, will do and what kind of effects he makes on the market will soon belong to history. If you know one big fact that Bitcoin will continue without Donald J Trump, you will feel more confident with your investment in Bitcoin, this Bitcoin market future in next four years, after Trump leaving the White House.

Living and moving toward future with this belief, you will no longer have weak hands and care too much about what Trump will do with the world and Bitcoin market in coming years. Surely, you must invest, not trade in order to have that solid plan and diamond hands against very volatile and uncertain policies from Trump administration.

[Cryptomultiplier]

Trump has its big influence on the bitcoin market since the day he became the President of the US. And no doubt the majority of the world market assets follow the movement of the US economy and market growth, as the US is leading the stock and crypto market, kind of on top, haha, as there are a lot of individuals and companies that are holding billions of dollars in bitcoin that are US-based. That is why whatever trump santance has a big influence on overall market sentiments.

His time in the White House will end, next three years and it flies fast if you know that Trump has been in the White House for almost one year already. With his limited time in the White House, whatever he does, will do and what kind of effects he makes on the market will soon belong to history. If you know one big fact that Bitcoin will continue without Donald J Trump, you will feel more confident with your investment in Bitcoin, this Bitcoin market future in next four years, after Trump leaving the White House.

Living and moving toward future with this belief, you will no longer have weak hands and care too much about what Trump will do with the world and Bitcoin market in coming years. Surely, you must invest, not trade in order to have that solid plan and diamond hands against very volatile and uncertain policies from Trump administration.

A Bitcoin holder right now should be more concerned with their portfolio and how to accumulate wealth that can't be perturbed by any policy that comes from Trump or any other volatilities that arise to shake the crypto currency market, because after all said and done by his current administration, more is actually said than done.

Although, I can't dispel the fact that Donald Trump as president of the U.S helped Bitcoin and crypto currencies become a noteworthy investment for both institutions and individuals, because as we know, his rhetoric public statements and policies worked in this regard, and among these policies, he pledged to make the U.S the crypto capital of the world.
He did go further to establish the federal strategic Bitcoin reserve which threatened global tariffs and the reserve is a safe haven for confiscated coins from criminals.
There are also more instances of Donald Trump influence on the Bitcoin and crypto currencies market and some policies are yet to be signed into law which is a ripple of all the changes and influence he has made happen already.

[Cryptoprincess101]

This is not new; America has the power to influence what happens around the world. Trump's actions that affected the price of bitcoin is just because he is the President of America, not because of his name. Before Donald Trump became US President for the second time, he wasn't influencing the market despite that his financial portfolio but as soon as he was announced President-elect, his actions started having impart in the global market from that day so it's not only the crypto market. This is something that has to do with America's influence in the global economy so if Donald Trump leaves office, he won't have any impart in the market anymore.
     Price manipulation is not done by single entity, even the whales also manipulate the market and yes, news affects market prices but not on a longer period of time.

[Ivystar5]

Op Trump can't, Only President Trump can! President trump has been doing it already maybe you are not in the internet space l, let me inform you, he has used tarrifs to manipulate the price of assets beyond bitcoin and has also used his influence to drive the price of bitcoin up during his campaign and he was called last year the crypto year and also trump year but that crypto year is what we have seen and is still seeing till now.

He used tariffs as a weapon tool in the global trade war, and like all the products in the market that have been infected by this, bitcoin would also react accordingly. Trump pushed cryptocurrencies to expand to serve his goals. As much as this serves him, he will support it. Not because he is really convinced in cryptocurrencies in general.

Exactly, as long as it helps him launder more money, imhe will be in to support it like never before but today all trump is doing is manipulating he whole market not just for himself but for elite friends too but people are also benefiting from it largely by getting insider information and trade with you, however, trump or the US is not a supporter of crypto no matter what the agenda has been changed to instead they will try and much as possible to exploit it what's why they are trying to bring bitcoin close to the hands of the government so they can do what they want.

[EL MOHA]

I can vividly remember raising topics about bitcoin centralization in terms of price action even if bitcoin remains decentralized. Aside from all these FOMO too is a contributing factor all the time.

The thing is it’s even FOMO or FUD that are actually affecting the market because a news directly cannot actually causes a pump or dump except the investors actually do any of the above and it’s where we actually think that the government is actually gaining control of the market. This has nothing to do with bitcoin decentralization because bitcoin will definitely be under the influence of the status of the financial market, if the policy is actually favourable for investors we see lots of buys or demand but should there be tough economic reforms then volatile assets which many classify bitcoin as actually gets sold easily that’s why news about the global economy easily affects bitcoin.

It is not only Trump that wills this power alone even XI of China once banned mixers and bitcoin like and it affects the bitcoin price drastically because it’s a fundamental that actually causes FUD or FOMO to the investors so it’s the authority which they speak from that affects bitcoin not them the individuals

[xbetz.io]

Trump absolutely has short-term narrative influence, especially with retail reacting emotionally to headlines. But long-term Bitcoin price action still seems far more driven by liquidity cycles, rates and adoption than by any single political figure. We’ve seen similar reactions with Elon tweets in the past, strong initial moves, weak long-term impact unless fundamentals support it.

[Cryptohygenic]

We see that he has a greater influence on the market than other US presidents, simply because he cares about it and talks about it frequently. Meanwhile, other presidents seem to have little interest in the market. That is the difference

Let me cut you short right here. Trump dont care about Bitcoin; it is better to say, he has a political interest in Bitcoin.

All this time, we have seen the price being affected by Trump annoucement during the economic and tariff war. It was clear it wont last for long. The reason can also be for his personal benefit.

Well at all ramifications both of you are still in the same point that Trump is a famous US president who had ever showed interest in bitcoin and crypto currency.
Arguing how he infected the market for his political interest. But the truth is that whichever way his interest maybe, we can still concur to it that he has that influence to manipulate the price because he has also built and contributed to the bitcoin communities.
So we can die whatever his intentions are. Moreover we don't have to feel disappointed of him because we should not expected an entity to oversee the decentralized digital market.

[UmerIdrees]

This should not even be a debate, but as usual, people get extreme with everything.
Trump is the president of the biggest economy in the world, so he definitely has power. People make decisions based on his policies, so it's no secret that what he says or does can affect bitcoin. His actions or words may make people either buy an asset or sell off the asset.

The problem is that people overemphasise it and make it seem like he is the author and finisher of the fate of Bitcoin. Even if he was against it, Bitcoin would be fine. It may simply have more hurdles to cross, but it will be fine.

I think the retailers don't care about Donald Trump's policies and they want to accumulate bitcoin but it's the institutions that pay more attention to him and buy/sell bitcoin based on his policies. Since the institutions have more money, they can buy more bitcoin, and if they sell it, the impact is more significant on the bitcoin price.

While Trump is a pro-bitcoin president, the world's uncertain economic and war-like political situation doesn't let the institutions invest in bitcoin, and the global M2 money supply is going into metals like Gold and Silver.

[X-ray]

It has been proven, and we have seen how Trump’s decisions played out, and they had both direct and indirect effects, so I think there is no need to ask again. Trump is very clever; he pushed crypto vehicles and promised policies supporting crypto, although in the end, he ended up complicating things more and creating instability in the global economy. This issue touches on the broader realm because it concerns investor confidence. When the economy slows down, investors entering crypto also reconsider. America has a major influence on the global economy, so whatever decisions they make will have an impact on the world economy and, of course, on crypto movements.

It's not even only POTUS that have this influence, FED announcement about fiscal condition also can influence the market. Whenever trump urge fed to cut interest, people are speculating on that both prediction market and the futures market.

Price swings happen almost instantly to that news and that explains the influence. US is a dominating economy and anything coming from the US be it from the president himself or Fed chair, the influence will be massive and intercontinental.

[Alpha Marine]

I think the retailers don't care about Donald Trump's policies and they want to accumulate bitcoin but it's the institutions that pay more attention to him and buy/sell bitcoin based on his policies. Since the institutions have more money, they can buy more bitcoin, and if they sell it, the impact is more significant on the bitcoin price.

This is true, to an extent. The institutions pay more attention to the policies, and they focus more on profit, but some retailers sell or buy based on the actions of the institutions. If the institutions sell, the price drops and out of panic, some retailers sell, which will further drop the price. The same happens when the institutions buy, when FOMO makes more retailers buy too.
Traders also follow the policies of the government. They can speculate on an event to cause a dip and anticipate it by selling or going short.

While Trump is a pro-bitcoin president, the world's uncertain economic and war-like political situation doesn't let the institutions invest in bitcoin, and the global M2 money supply is going into metals like Gold and Silver.

I was not expecting him to do anything significant with Bitcoin anyway. Being pro-bitcoin and causing economic and political unrest is not favourable to bitcoin. I always found it funny when people thought he would make policies that would directly benefit Bitcoin. Bitcoin is not that significant to him.

[goldphysicalbitcoin]

He can influence the price of Bitcoin in the short term, but has no impact on the price of Bitcoin in the long term. Even a powerful country like the Chinese government, which has been continuously banning cryptocurrencies since 2013, has seen Bitcoin stubbornly grow stronger over the past decade.

[Iranus]

This should not even be a debate, but as usual, people get extreme with everything.
Trump is the president of the biggest economy in the world, so he definitely has power. People make decisions based on his policies, so it's no secret that what he says or does can affect bitcoin. His actions or words may make people either buy an asset or sell off the asset.

The problem is that people overemphasise it and make it seem like he is the author and finisher of the fate of Bitcoin. Even if he was against it, Bitcoin would be fine. It may simply have more hurdles to cross, but it will be fine.

This remain an issue that need to be discussed and clarified. Because, as far as I can see, many people are still trying to argue that Bitcoin is decentralized and immune to the effect of politic or macroeconomics. They do not believe that Trump or the US can have any influence on bitcoin.

That is clearly completely wrong because Bitcoin's decentralization lies only in its protocol, while its price depends on the flow of money and investor. And investors and capital flow are directly influenced by the politics and economic policies of the US

This may sound unpleasant, but the truth is that as long as Trump is president, any statement he make will impact Bitcoin in various ways.

[Faisal2202]

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.

No doubt he has huge influence. Before him, Gary had influence, but now he is gone. He usually was here to dump the market because he was the bad news teller, haha. But Trump, on the other hand, does not always give us bad news. He has helped the community and crypto a lot by softening laws and tightening them where they were needed most.

If he had not been elected, then maybe we would see a bear season at the end of 2024, but he won, and everything changed. Now look where Bitcoin is. It pumps a lot, and it has been adopted by almost every country now.

If Trump can pump the market, he can dump it too. Now the question arises, should such power be given to him or not? Well, it is already given to him, so what can we do about it now? Nothing. It is just a phase. We can only benefit from it and make some money. Move with the flow.