By tying Bitcoin to Trump, many are building a brand name for Bitcoin that will be both extremely detrimental to its long-term growth, and very hard to get rid of: Bitcoin will be known as a "Trump thing" for a very long time, if not forever. This is a disaster.
Bitcoin went up 500% under president Biden. Bitcoin doesn't need special favors from a government in order to survive and thrive. But Bitcoin absolutely can be destroyed if Bitcoin is associated with something the American people wish to consign to the ash heap of history.
This is happening naturally. I do not know why people are so much concerned about what can not be stopped. Trump knows already that people are so much in crypto and he is using it to try to become elected as the next United States president. It is Trump that needs the help of bitcoin enthusiasts and not bitcoin that needs the help of Trump. If Trump won or did not win the election, bitcoin will survive. If Trump wins the election and later went to prison, bitcoin will still survive. Even the whole Chinese government were unable to crackdown how bitcoin is in their country, not to talk of a single person in United States.
I still don't know why people are raising alarm and debate on this news when it is the least of our worries. Trump has no say on Bitcoin if using Bitcoin as hype or a means to win his political ambition is his priority then he should do it. But for Bitcoin enthusiasts are worried about the fear of power the US government has and what may affect Bitcoin if Trump is elected.