Does Donald Trumps posses potential of influencing bitcoin price?

[MusaPk]

Just like those who ask questions is to know more, but if you have known the power of been a US president mostly when it has to do with global market or any financial markets, which is paddle by news and policy ,like tariff,and others sanctions you will know that trump has influence,. This influence is not as person but the position he occupied, many developing nations look up to countries like US any negative news in any market or sanctions affect the global market so is positive news if trump focus on Bitcoin with all sorts of positive news especially promoting and advising citizens to engage on more reserve on Bitcoin you will see how the wave of Bitcoin will move with speed.

The power is not in Trump but the office he is holding. The biggest crypto sell off we saw last Oct was also because of Trump statement that US will impose 100% tariff on China. It's not only crypto that is influenced by US but every market in the world takes direction from US and other big powers in some way. We can see gold price climbing to new ATH on weekly basis and that's due to the fact that Chinese government is accumulating gold. But it's sad that Trump is only doing damage to Bitcoin, there were lot of expectations from Trump because of his pro Bitcoin stance during his election campaign.

[Smack That Ace]

We can see gold price climbing to new ATH on weekly basis and that's due to the fact that Chinese government is accumulating gold. But it's sad that Trump is only doing damage to Bitcoin, there were lot of expectations from Trump because of his pro Bitcoin stance during his election campaign.

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.

[Fivestar4everMVP]

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.

When trump won the US presidency and was sworn in as the 47th president of the United States of America, we all saw what happened to the price of Bitcoin, this was about the time we saw some major all time highs in the price..

If no other thing, the above should tell us all the amount or level of influence Trump has in the asset's market, it's not just bitcoin and cryptocurrencies alone, one speech from Donald Trump could either send the stock market higher or send it lower, same applies absolutely to bitcoin and the cryptocurrency market, one speech from Trump can send the price of Bitcoin to $150k over night or it could send it down to and back to $20k..
So, yeah, Trump as the US president has a major power that can either negatively or positively affect the entire market, US is still the world power and her economic decisions affect every other country.

[melinoe]

We can see gold price climbing to new ATH on weekly basis and that's due to the fact that Chinese government is accumulating gold. But it's sad that Trump is only doing damage to Bitcoin, there were lot of expectations from Trump because of his pro Bitcoin stance during his election campaign.

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's what you get when you are trying to be a rollercoaster.

If you fail, you get things like that.

[purple_sparkles]

Major changes in the world affect the price of bitcoin, and depending on what kind of news it is, the price reacts accordingly. As President of the USA, Trump has very strong global influence, so he can also impact the price of bitcoin. I really hope that everything happening in the world right now will eventually move into a peaceful phase, and that we will see development and growth not only in cryptocurrency, but in the global economy as a whole.

[free-bit.co.in]

When trump won the US presidency and was sworn in as the 47th president of the United States of America, we all saw what happened to the price of Bitcoin, this was about the time we saw some major all time highs in the price..

If no other thing, the above should tell us all the amount or level of influence Trump has in the asset's market, it's not just bitcoin and cryptocurrencies alone, one speech from Donald Trump could either send the stock market higher or send it lower, same applies absolutely to bitcoin and the cryptocurrency market, one speech from Trump can send the price of Bitcoin to $150k over night or it could send it down to and back to $20k..
So, yeah, Trump as the US president has a major power that can either negatively or positively affect the entire market, US is still the world power and her economic decisions affect every other country.

As the leader of the world's largest economy, Trump's statement and decision will undoubtedly impact the Bitcoin market as well as the global economy. But it would be an exaggeration to say that just a few of his speeches will send Bitcoin soaring to $150k or drive the price down to $20k

He has power, but it is not that great. The US is a superpower and a part of the world, not the whole world. Do not exaggerate about them more than necessary.

[LogitechMouse]

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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.

Well, we've seen it already, and the most popular one is the October 10th dump last year where the market dumped as soon as he announced something related to tariffs. Just a few days ago, the market dumped yet again when he announced Tariff-related ones yet again.

With this, we can easily say that Trump has the potential to influence the price of Bitcoin because his announcements has the chance to affect the market either in a positive way or in a negative way. Well, that's the power of being the president of the United States. The problem is that, investors are reacting to his statements and announcements and there are some who are just relying their decisions on his announcements alone which for me is a bad strategy. With this, he can just manipulate the price whenever he wants to because... he's the president of the United States.

[dezoel]

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.

On top of that, when institutions sell, that creates a chain reaction to leverages as well, they get liquidated, which drops the price even more, and then retailers join and drops even more.

So when those big companies with big bitcoin wallets ends up selling, it causes a domino effect and causes the price to drop way more than what they sold, if they sold 1, then 3 gets sold instead, so it becomes this crashing price. However, buying is also the same so I agree that it is not always that bad.

[abaeze]

When a country's president speaks on a topic, it clearly reveals a strong political ideology on that topic, but if he talks about economic policy, then the market sentiment changes. Similarly, when the most powerful president in the world says or hints about the crypto market, including Bitcoin, people consider it as an alpha signal. Investors quickly decide according to the situation by watching the news, speeches, tweets, etc. So, comments or decisions of a world leader like Trump can temporarily accelerate the market.

[bangjoe]

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's simple words have no effect, such as saying the market is bullish, or hold on to bitcoin, or other sentences like hold your bitcoin, it doesn't move anything, but what can move the dimensions of bitcoin market movements is his policies, especially regarding the economy because it will change the map of the flow of funds, however the US is the country with the most investors, then political policies related to the economy, regulations related to bitcoin, and also international relations, if this point has problems it will affect market concerns.

And I agree.

[moneystery]

With the influence he wields as president, he has an impact on the bitcoin price... you can see how when he announces something, the market reacts to what he says, whether it is major news or not, it can trigger short-term volatility in the market. This is undeniable because the market consists of people with different strategies, some take his statements seriously, while others focus more on Bitcoin itself and choose not to overreact, so this immediate reaction can trigger price movements in a short period of time. However, not all of his statements have such a significant impact on the market, especially in the long term.

[BlackHatCoiner]

Of course Donald Trump posses potential of influencing the bitcoin price. What kind of question is that? The United States are still the most powerful nation on the planet. He can obviously make the price go up or down anytime he wants. Just issue a bill, that you're strategically buying 500 BTC every day for four years, and the price is going to go to $1 million. He could also make the price go down, by issuing another bill that makes it illegal to own bitcoin.

The thing is, bitcoin is just going to go up regardless over the long term.

[Hypnosis00]

I believe he can influence bitcoin price in everything he does that concerns crypto and the factors that would also affect bitcoin price. It has been proven already during his campaign while he promotes cryptocurrency and stressed out bitcoin as the most valuable among them, and that people should be more open to bitcoin instead of ignoring its whole capacity and potentials.

Bitcoin itself creates its own relevance, Trump just open the whole universe about it.