Not really, although it seems that Trump considers himself king of the entire world, not just of crypto. He acts as if he is the sole king of this world, and everyone must submit to his control. However, we cannot deny his significant positive impact on crypto in general, through the decisions he has made in favor of crypto.
As for Bitcoin, I don't believe it will ever fall to $40,000. This is unlikely. Although we have seen some declines due to the negative impact on the global economy due to tariffs, it quickly recovered and has remained relatively stable so far. I expect it will rise due to increased confidence in Bitcoin as a safe haven during crises.