Although your argument shows that there is a relationship between Trump's tariff policies and changes in the price of Bitcoin, I don't agree completely. I think you should first consider whether or not his policies are directly to blame for the cryptocurrency's collapse. First off, unlike traditional assets like stocks or commodities, Bitcoin is not directly correlated with trade policies, even though tariffs can affect traditional markets by raising costs for consumers and businesses. Numerous elements, such as institutional acceptance, investor mood, legislative changes, and macroeconomic conditions, affect the price of Bitcoin.

Second, Bitcoin is frequently regarded as a risk-on asset, which means that it typically rises when investors are feeling upbeat and falls when they are feeling less certain. Bitcoin may fall if investors turn to safer assets as a result of Trump's tariff measures, which might cause financial markets to become uncertain. But rather than being a direct result of tariffs, this is a reaction of the market as a whole. Lastly, supply and demand, which includes elements like the impending halving event, institutional investments, and more extensive crypto laws, greatly influence the price of Bitcoin. It ignores other potential causes for Bitcoin's movement to attribute the decline exclusively to Trump's tariff announcement.

you should also remember that market responses to political statements may not last long. Short-term uncertainty rather than a fundamental change in Bitcoin's value proposition could be the cause of its decline following Trump's tariff announcement. A long-term perspective would take into account how these policies impact regulatory clarity, mining profitability, or Bitcoin adoption.