Does Trump have a positive or negative impact on BTC?

[bayu7adi]

As the current US President who is quite vocal about cryptocurrency, of course, it makes some crypto communities feel confident in the existence of cryptocurrency, including BTC...

During his campaign, it seemed that Trump really gave great hope, and indeed it was proven by the firing of Gensler on his first day in office... we all know that Gensler is quite strict in bringing the SEC to limit BTC...

However, Trump also released MEME COIN which was never expected before... it was really an unexpected step and even caused a lot of pros and cons....

So actually, what are your complaints about Trump who has been quite influential in cryptocurrency lately? Will he have a positive impact? Does he have other plans to turn things around? Tell us your thoughts about Trump and cryptocurrency here.


This topic was created with reference to one of the topics on btt, I added some other points that came to my mind.

[philipma1957]

As the current US President who is quite vocal about cryptocurrency, of course, it makes some crypto communities feel confident in the existence of cryptocurrency, including BTC...

During his campaign, it seemed that Trump really gave great hope, and indeed it was proven by the firing of Gensler on his first day in office... we all know that Gensler is quite strict in bringing the SEC to limit BTC...

However, Trump also released MEME COIN which was never expected before... it was really an unexpected step and even caused a lot of pros and cons....

So actually, what are your complaints about Trump who has been quite influential in cryptocurrency lately? Will he have a positive impact? Does he have other plans to turn things around? Tell us your thoughts about Trump and cryptocurrency here.


This topic was created with reference to one of the topics on btt, I added some other points that came to my mind.

give him time. the musky trumpeter’s going to this his thing.

we will know how good or bad he is by the summer.

either 50k or 200k on july 3d

[bitterguy28]

However, Trump also released MEME COIN which was never expected before... it was really an unexpected step and even caused a lot of pros and cons....

i don’t think that affected bitcoin too much though?it pumped and dumped and het bitcoin still stands strong it’s below 100k again but i do not think it will be for long

So actually, what are your complaints about Trump who has been quite influential in cryptocurrency lately? Will he have a positive impact? Does he have other plans to turn things around? Tell us your thoughts about Trump and cryptocurrency here.

no one knows what the future holds but from the past months we know that trump has brought positive changes to usa and by extension to bitcoin as well during the election it was such a thrill to see bitcoin go higher and higher

[Findingnemo]

He is just another politician, we can't trust them forever because they can flip at any moment but as of now he is bringing positive effect on crypto by making some policies that helps the adoption of cryptocurrency and not to forget his own memecoin so he may not do anything stupid in the short term especially until his coin reaches zero.

[Crwth]

We all know that being the president of a big and influential country in the world with a lot of people who are involved in the cryptocurrency community has an impact. The positive or negative would be somewhat dependent on the thing being studied. Is it just the price? Or the amount of applications in real world things should be considered. It could be positive or negative in different aspects. We need to be clearer on that.

[0t3p0t]

We all know that being the president of a big and influential country in the world with a lot of people who are involved in the cryptocurrency community has an impact. The positive or negative would be somewhat dependent on the thing being studied. Is it just the price? Or the amount of applications in real world things should be considered. It could be positive or negative in different aspects. We need to be clearer on that.

Yeah I agree and because Trump is influencial therefore big time investors will take a ride on the hype that the pro-crypto or Bitcoin to be more specific administration is pushing during his candidacy which was I think slowly been realized and put into action sibce the time tooks office as we all know he also launched his official memecoin so maybe we will see much more influence of Trump in the Bitcoin industry and I think we might see positive impact within his term.

[Gurujebs]

He is just another politician, we can't trust them forever because they can flip at any moment but as of now he is bringing positive effect on crypto by making some policies that helps the adoption of cryptocurrency and not to forget his own memecoin so he may not do anything stupid in the short term especially until his coin reaches zero.

I believe we know how this things work. Creating a reserve isn't something he can achieve a night if he really has an interest in doing it. There is definitely going to be a new law that recognizes crypto and guidelines about Bitcoin, there is going to be a law that will be pass and that's not in his command but the house, he can't unless they agree to it.

Another thing is that if the house wouldn't benefits from this Bitcoin thingy, there is high chance of rejections. Not only that, I see this Bitcoin reserve as impossible but nothing is entirely impossible. We will wait and see times they have tried it.

[JoyMarsha]

During Trump's campaign as US president, so many of us would say Trump was quite vocal about Bitcoin. Seeing how he didn't mention Bitcoin in his opening remarks as US president, and had his own memecoins launch afterward shows that the fate of Bitcoin for this year and always is not going to be up on him for it to soar because bitcoin is one of the fewer problems he thinks of as the president of US. There are pressing issues like resolving the war between Russia and Ukraine and taking America to her greatest heights as a world power

[SmartGold01]

During Trump's campaign as US president, so many of us would say Trump was quite vocal about Bitcoin. Seeing how he didn't mention Bitcoin in his opening remarks as US president, and had his own memecoins launch afterward shows that the fate of Bitcoin for this year and always is not going to be up on him for it to soar because bitcoin is one of the fewer problems he thinks of as the president of US. There are pressing issues like resolving the war between Russia and Ukraine and taking America to her greatest heights as a world power

What happened was just like a mirage, where if staying from afar you would think immediately he enters seat automatically bitcon price would soar, but as he gets closer the clearer you see that what you have been looking at doesn't work that way we think.  So Yes you are, he may have other importance but I just sees his strategies as a political propaganda just for him to gain back access to the presidential seat.

[examplens]

Too much power in the hands of an unstable man is never a good thing. Trump is certainly unpredictable and unstable.
The more confident he is in his power, the more he will abuse it. He has only been in the presidency for two weeks, and we already have two negative effects related to his decisions and ideas.
Bitcoin Drops 21% as Trump’s Tariffs Shake Global Markets

give him time. the musky trumpeter’s going to this his thing.

we will know how good or bad he is by the summer.

either 50k or 200k on july 3d

The USA is a rich country, and you can endure some failures for a long time, certainly, Trump and his administration will not bear the consequences, that will come years after them.

[TomPluz]

We have to give credit where it is due and there has never been any question that for the past many months Trump has been a good force for Bitcoin and the rest of the cryptocurrency industry. I am sure that Bitcoin would not be in the $100K zone right now had it not been for his support. And to think that he has been in the White House just for 2 weeks...so we can expect more things to come for the industry coming from the people who are in the same line with Trump on crypto and if ever the plan to include BTC and other coins in the Federal Reserve coming true that would be a blast...and I see some news that other countries and big entities are also planning to do the same thing.

Now, in recent days, Bitcoin retreated big all because of the concern on the tariffs to be imposed on Canada and Mexico as they feared that the move would actually drive inflation back to the levels under the Biden administration...what they don't really see is that Trump is just using tariffs as a leverage for these two countries to do their duties and obligations in stopping flow of illegal drugs, illegal money and illegal aliens. After the drama, the good news is that both countries caved in and they are now working with Trump on this matter...and so Bitcoin  is again back at $100K area.

In summary, people still do not understand how Trump works his way in getting what can be the best for USA. And so they easily jumped into conclusion and not giving this administration the time needed to fix things...so let's hope that the market is now learning a big lesson that can come handy for the next four years.

[Zed0X]

Yeah, the official trump and also the melania meme was not necessary but I guess it's better than those fellow greedy anon devs using Trump's influence/popularity for their own benefit. Maybe he has plans for the gains from the sale of tokens that will be beneficial to some charitable organizations. For the impact, depends on who you're asking. I only see the effect on the price.

[bitbit97]

It is hard to have a correct answer on the question. Trump has been 47th US president for less than a month so far, but cryptocurrency has a long lasting effect, or effect reveals with time. Right now we can give him a huge + for pushing BTC price up, when he won at the elections. We can give him a minor - for announcing new tariffs and crashing market these days. We can give him + for making a decision to form reserves in BTC. Give him + for decreasing power of SEC. But we can give him - because there are more talks about crypto than action right now. I think we can only evaluate his influence in few years, but not now.

[electronicash]

It is hard to have a correct answer on the question. Trump has been 47th US president for less than a month so far, but cryptocurrency has a long lasting effect, or effect reveals with time. Right now we can give him a huge + for pushing BTC price up, when he won at the elections. We can give him a minor - for announcing new tariffs and crashing market these days. We can give him + for making a decision to form reserves in BTC. Give him + for decreasing power of SEC. But we can give him - because there are more talks about crypto than action right now. I think we can only evaluate his influence in few years, but not now.

it varies to what happens to the market. when Trump trying to impose these tariffs to every country that import their products, everyone is also trying to retaliate like they want more from US even their close ally Canada fights back which made the markets red from stocks to crypto market.

since Trump is trying to back out of this mess he made, the market is also bouncing again. they found out this tariff war can  be used to manipulate the market.

[Bobcrypto]

It is hard to have a correct answer on the question. Trump has been 47th US president for less than a month so far, but cryptocurrency has a long lasting effect, or effect reveals with time. Right now we can give him a huge + for pushing BTC price up, when he won at the elections. We can give him a minor - for announcing new tariffs and crashing market these days. We can give him + for making a decision to form reserves in BTC. Give him + for decreasing power of SEC. But we can give him - because there are more talks about crypto than action right now. I think we can only evaluate his influence in few years, but not now.

it varies to what happens to the market. when Trump trying to impose these tariffs to every country that import their products, everyone is also trying to retaliate like they want more from US even their close ally Canada fights back which made the markets red from stocks to crypto market.

since Trump is trying to back out of this mess he made, the market is also bouncing again. they found out this tariff war can  be used to manipulate the market.

I am not sure that Donald Trump tariffs hike between US and some countries has much impact on the crypto economy, I think there may be a political tones under it, though on the broder level, an economic trade war may impacts on everything including, consumer goods, stocks, commodity, FX markets etc.
in addition, there are also indication that the reason the market was red was due to heavy demands, a huge liquidity zone around $91k to $89k zone. If follow up the market closely, you might have observed that immediately bitcoin touched this zone, there was a quick recovery sharply to the resistance level at $102k. As at the time of writing, Bitcoin is hovering between $98k to $101k levels.