Trump's official token is not a threat to the bitcoin. In fact, Trump goes up, and bitcoin is still doing sideways. How can you generalize Trump is threatening bitcoin? However, Trump is threatening the whole of meme tokens.

All of volumes from many meme tokens were drained, and shifted into the Trump tokens. I think the Trump token is threatening the existence of shit scam meme token. 

As for whether Trump token will lead the growth, it's definitely no. Trump token is just another PnD token, which officially released by Trump, and i've heard Gateio and Binance insiders are backing it.