Does Trump have a positive or negative impact on BTC?

[robelneo]

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.

We must remember, Trump started as a businessman before he became a politician. So if he and his advisers saw an opportunity to make profit from cryptocurrency, he would do so because he is fully aware that many are going to make profit from his support of cryptocurrency.
Trump is unpredictable, so expect decisions that will not benefit the cryptocurrency community, even the scenario where he will stop supporting Bitcoin.
But so far he has done great for the industry, but the risks are still there. I will not put all my trust in Trump; we never know what course of action he will take in the future; just be ready to take action that will benefit your investment.

[bitbit97]

One more + in Trumps favor. When Bitcoin reached its previous ATH in 2021, within a month it has lost $20k in value. BTC only touched new height, and then fall down. Right now, when Trump election pushed price up, it keeps on staying around $100k. There are no jumps to $70-80k. I think with Trump arrival, BTC has reached new default price level. Notice how since beginning of November and his victory on election, price never goes below $90k.

[omori]

He has both, in my opinion.
After all, he is not looking for BTC as the only option for the US to strife forward crypto-wise.
So he would go for other roads too, starting from his own coin, for example..

[arabspaceship123]

Trump can't be trusted any more than Biden. Politicians change their policy every day so we shouldn't believe the things they're saying about crypto but we can feel confident crypto isn't going to be made illegal.

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...

[examplens]

One more + in Trumps favor. When Bitcoin reached its previous ATH in 2021, within a month it has lost $20k in value. BTC only touched new height, and then fall down. Right now, when Trump election pushed price up, it keeps on staying around $100k. There are no jumps to $70-80k. I think with Trump arrival, BTC has reached new default price level. Notice how since beginning of November and his victory on election, price never goes below $90k.

Do you really think the most important thing about Bitcoin is when it reaches ATH?
The bear market has not arrived yet and it is difficult to predict what the lower line of resistance will be.
Trump has extracted billions from the crypto market through his tokens, do you think that is a positive thing?

[$crypto$]

One more + in Trumps favor. When Bitcoin reached its previous ATH in 2021, within a month it has lost $20k in value. BTC only touched new height, and then fall down. Right now, when Trump election pushed price up, it keeps on staying around $100k. There are no jumps to $70-80k. I think with Trump arrival, BTC has reached new default price level. Notice how since beginning of November and his victory on election, price never goes below $90k.

Like it or not, this has an impact, because as you said, the increase in bitcoin and its price is stable and has not fallen significantly because one of the reasons is that Trump once said something about bitcoin.

In fact, just before his inauguration, there were many people who said about the future of bitcoin and related to the inauguration. This is a fundamental that has always existed in bitcoin.

[Faisal2202]

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.

Trump is the most crypto-friendly president of USA and we are talking about if he have positive plans for crypto I mean he definitely have positive plan for crypto and we can easily see them like how he completed his promises.

Now, speaking of his meme coin I believe he made a mistake by launching that coin now, because he should have made a big thing of it too before launching it but he was waiting for inauguration I believe to release that coin, he should have made it even a big thing before the inauguration as well because once it becomes the big thing it will attract more investors then it did now. But still, it did a great job, for many it was a element of surprise but for me it was not haha.

[M4US-0728]

He did promise to make US as the crypto capital of the world and he received millions of donations from crypto industry.
I think it's one of the reasons why so many people suddenly became interested in crypto.

[yhiaali3]

Certainly, there is a huge positive impact from Trump and his campaign promises, some of which he actually implemented as soon as he took office, and we expect more during his term, which I expect will be positive for Bitcoin in general.

On the other hand, there is a negative aspect by allowing anyone to create their own meme and flood the market, such as the meme of Trump, his wife, Elon Musk's father, and many others. All of these memes draw real liquidity from the market and give a very bad reputation to crypto.

[Gurujebs]

He did promise to make US as the crypto capital of the world and he received millions of donations from crypto industry.
I think it's one of the reasons why so many people suddenly became interested in crypto.

He received donations and then he decided to launch meme coin again, isn't that concerning? Lol. Forget about the donation aspect, when you promised people that you are going to do something they want, trust me the same expectations will be very high, that was what he did and that's what everyone want to see, the expectations are high right now.

As I do tell people, it's too early to drag him now, there is more time to drag him and beside, I don't think he is going to change his mind, it is going to affect him in the future and whatever he says becomes a lie and I'm sure he doesn't want that to happen.

[MrSpasybo]

Certainly, there is a huge positive impact from Trump and his campaign promises, some of which he actually implemented as soon as he took office, and we expect more during his term, which I expect will be positive for Bitcoin in general.

On the other hand, there is a negative aspect by allowing anyone to create their own meme and flood the market, such as the meme of Trump, his wife, Elon Musk's father, and many others. All of these memes draw real liquidity from the market and give a very bad reputation to crypto.

I don't think memecoins are Trump issue, because he can do anything that the law doesn't prohibit, including creating NFTs and memecoins. Many people have openly criticized Trump, but no one has enough evidence to charge Trump in court.

Trump has fulfilled his campaign promises, but it seems that these actions have not been enough to satisfy investors. Their high expectations have only led to disappointment and frustration. The ongoing trade war is having a negative impact on the economy, and crypto has to suffer from the bad effects too, but I believe that somehow the market will continue to grow and explode this year, just like the "habit" of the financial market.

[doc]

Certainly, there is a huge positive impact from Trump and his campaign promises, some of which he actually implemented as soon as he took office, and we expect more during his term, which I expect will be positive for Bitcoin in general.

On the other hand, there is a negative aspect by allowing anyone to create their own meme and flood the market, such as the meme of Trump, his wife, Elon Musk's father, and many others. All of these memes draw real liquidity from the market and give a very bad reputation to crypto.

I also hope that after taking office, Trump can make good policies that will have a positive impact on the crypto market.
The phenomenon that we saw at the beginning of his term was the hype meme coin with the name Trump, Melania, etc.
I agree with you, I am not a fan of meme coins because the project is not very useful in the crypto world because it only relies on hype.

[Stuart]

His effect was during his election campaign. The day of his inauguration, TRUMP coin which was not expected came forth with huge effect in the crypto currency industry, not in Bitcoin to be specific. His influence has impact and it will show in time as we wait for him to turn to the crypto industry. I'm sure he will keep to his words of support to the crypto community.

He has more pressing things at hand to settle, he will keep to his supportive words to the industry which I am sure he will accomplish at the right time.

[sampoerna]

One more + in Trumps favor. When Bitcoin reached its previous ATH in 2021, within a month it has lost $20k in value. BTC only touched new height, and then fall down. Right now, when Trump election pushed price up, it keeps on staying around $100k. There are no jumps to $70-80k. I think with Trump arrival, BTC has reached new default price level. Notice how since beginning of November and his victory on election, price never goes below $90k.

Exactly, in November, before the presidential election, the price of BTC was still not too significant in its increase. However, once there was an event related to Trump's election, the price of BTC immediately skyrocketed, printing a new ATH and even racing very fast to reach more than $100k, Then, even now the ATH is already at $109,114.

Although it is true that currently there is a fairly deep market correction and makes the price of BTC drop very drastically. it's just that it is still around $95k. yes, just be patient with the market and hope that there will be several more increases until a new ATH really occurs as expected. And Trump here is one of the triggers that does have an influence.

[Z-tight]

Does it really matter? BTC is decentralized and if you are observant you'll know that there is a kind of support we cannot get from a centralized institution, but that is what some people are looking for. Trump and his wife already created meme coins this year to make money for themselves, i will recommend that bitcoiners should not put too much thoughts into what a politician does or say they'll do.