Does Trump have a positive or negative impact on BTC?

[bitcoin-shark]

The initial impact of Trump's election was favorable to bitcoin, making it rise in value, with the news of duties for the rest of the world, its value dropped by 19% but given his policy of openness towards cryptocurrencies in the long term it will not it could only benefit bitcoin both in terms of widespread knowledge and value

[Gurujebs]

The initial impact of Trump's election was favorable to bitcoin, making it rise in value, with the news of duties for the rest of the world, its value dropped by 19% but given his policy of openness towards cryptocurrencies in the long term it will not it could only benefit bitcoin both in terms of widespread knowledge and value

Even till now, he has a huge role playing in Bitcoin. With his pen and a paper, he can sign Bitcoin into law and makes congress people look into it which can make it bullish even though they tend to reject it and he can also reject Bitcoin and not make it waht people want, he has the power to do what he thinks but he will most likely not harm his power with Bitcoin.

We all have seen the drama that is happening in the west and middle east between Trump and other powerful countries, that's shows how he has the power to make Bitcoin go higher, atleast this will protect the market from selling off as usual even though we don't see Reserve soon.

[Aanuoluwatofunmi]

This is just the start of his new administration and we cannot fully predict on how this is going to be on a long term for the crypto industries, but base on what w e have been seeing so far, we should be more positive in expectations for more to come from Trump in favour of bitcoin and other cryptocurrencies, but its too early for us now to just jump into conclusion on the situation at hand.

[alltalk]

This is just the start of his new administration and we cannot fully predict on how this is going to be on a long term for the crypto industries, but base on what w e have been seeing so far, we should be more positive in expectations for more to come from Trump in favour of bitcoin and other cryptocurrencies, but its too early for us now to just jump into conclusion on the situation at hand.

Yep. It is still too early to assume everything will be better under Trump's administration. We don't really know what's the plans made by Trump. Since he is US president, he can easily change any regulation although it also needs the consent of other parties in the US government legislative structure. However, I'm starting to feel worried that crypto and Bitcoin industry looks like under Trump's hand. If he has bigger role, this industry is going to be like more centralized under Trump's hand. As a crypto enthusiast, I don't expect this situation to happen.

[Mia Chloe]

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...

I'm not much of a fan of politics but it's actually quite obvious that the period of the US election and campaigns including the inuguration of Trump, there was not just a pump in bitcoin's price rather a general pump in the whole crypto ecosystem and that was more like the very first drive to the current 100k we are actually floating.

Many other events also contributed to the current 100k price range bitcoin has been holding up for pretty much a while now especially sudden huge buys by some big firms and organisations like microstrategy.

[bayu7adi]

Yep. It is still too early to assume everything will be better under Trump's administration. We don't really know what's the plans made by Trump. Since he is US president, he can easily change any regulation although it also needs the consent of other parties in the US government legislative structure. However, I'm starting to feel worried that crypto and Bitcoin industry looks like under Trump's hand. If he has bigger role, this industry is going to be like more centralized under Trump's hand. As a crypto enthusiast, I don't expect this situation to happen.

That's what I mean, where Trump is like a double-edged sword... with his authority, the existence of cryptocurrency and blockchain technology can experience rapid growth, or it can also lead to faster destruction...

Making cryptocurrency controlled by Trump is indeed not a healthy thing to happen.. it will only benefit a few parties and the loss of justice for the cryptocurrency community... and I'm starting to think that in that direction (control of cryptocurrency by one hand of Trump) is very possible by looking at Trump's character and nature as a businessman...

I always hate other unthinkable bad possibilities regarding someone's power..

[Gurujebs]

This is just the start of his new administration and we cannot fully predict on how this is going to be on a long term for the crypto industries, but base on what w e have been seeing so far, we should be more positive in expectations for more to come from Trump in favour of bitcoin and other cryptocurrencies, but its too early for us now to just jump into conclusion on the situation at hand.

There is going to be different policies that will melt down the price Bitcoin and there are some that will make Bitcoin goes up as much as possible but all these policy on the long run are only short term especially the ones that will melt down the price, with time they will be like it never happened, only the diamond hands will enjoy the bull run with other people.

Trump has interest in Bitcoin but you know that implementation of Bitcoin alone isn't something that will come in handy and fast, it will take a lot of time some considerations before we see some good things about Bitcoin on the long run.

[Bobcrypto]

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.

In my opinion, i think everything about cryptocurrency and Donald Trump influence and his support is quit ok, though some people may argue that Donald Trump launching his meme coins may have some drawbacks on the crypto community but i think it has not in any way affected is plans at least, for now.
I think Donald Trump is serious about cryptocurrency developments, and adoptions in the US. I don't have any doubt in his capacity to turn things around for everyone.

[Mr. Magkaisa]

          -      Speaking of TRUMP meme coins, this is the meme coin I've seen with the highest value even though it's new to the crypto space.
But it's still hard to trust the truth.

Now, about the question, I see that this Trump still has some positive and negative things to do with bitcoin. It's just like the things he will do that can affect the price of Bitcoin in the market so that its price will fall.

[JISAN]

Trump has managed to create a huge amount of hype over Bitcoin. But it has played a very positive role for some who have been holding Bitcoin for a long time. But this played a negative role for those who invested in Bitcoin at high prices amid the hype. Donald Trump is the President of the United States so his actions can definitely have a positive impact on Bitcoin. And already we have noticed in the market how much the price of Bitcoin has gone up after Donald Trump's positive comments about Bitcoin. Alt season has not arrived as only Bitcoin price has risen by breaking the halving rules. And there is doubt whether the Alt season will come

[bayu7adi]

I think Donald Trump is serious about cryptocurrency developments, and adoptions in the US. I don't have any doubt in his capacity to turn things around for everyone.

It's better not to trust people easily... we can see the other side of them someday...

For the beginning of Trump's term, I see the government starting to focus on cryptocurrency regulations, especially Stable Coins, where Sacks has started to draft laws and regulations for the development of cryptocurrency in the US... that's a good step... we will be able to see the results no later than 100 days after Trump's inauguration...

The second focus is on Bitcoin reserves... this is interesting because it concerns Bitcoin... but this will only be followed up when the focus on stable coins is finished on Trump's desk...

It's actually still very early to make this topic, but of course we are all curious, whether Trump is really pro cryptocurrency, or just using cryptocurrency as a ladder to his goals. We don't know for sure yet.

[philipma1957]

Ath was under Joe Biden so the musky trumpeter is clearly had a negative impact up to today

[Bobcrypto]

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

I think that Donald Trump has spoken the most important aspect of his crypto plans, that is, the ten promises made on the crypto economy during his election campaign. A further speech about Bitcoin seems like repeating his plans before the audience on the inauguration day in my opinion.

However, as the President of a big Nation, there are other pressing issues that also requires attentions, the crypto economy can be revisited on his less busy schedule, and i think he will not abandon his plans.

[Mr. Magkaisa]

            -     With what Trump is doing, he can be both positive and negative for bitcoin, didn't he recently manage to bring down the price of bitcoin because of his announcement about the Tariff he made on Mexico, Canada and China.

Then before the counting of the election that ended recently, there was a rally in Bitcoin and then a retracement followed. So that means Trump can be both
positive and negative.

[Mia Chloe]

            -     With what Trump is doing, he can be both positive and negative for bitcoin, didn't he recently manage to bring down the price of bitcoin because of his announcement about the Tariff he made on Mexico, Canada and China.

I think this is basically part of the reasons why it may be a little difficult to actually just state that Trump is a core supporter of Bitcoin that's because it will be very possible that his moves may not be as a result of being a core supporter or enthusiast rather it could be as a result of Bitcoin being a profitable asset to hold.

Come to think about it what are actually the odds that a non bitcoin supporter would buy the idea that's Trump is a bitcoin enthusiast. Different people have their views about enthusiasm and it can be bias if politics is involved.