Post
Topic
Board Bitcoin Discussion
Re: Where do you see bitcoin heading since Trump signed an execetive order?
by
Tipstar
on 08/03/2025, 18:38:39 UTC
So Trump signs execective order to establish strategic bitcoin reserve. 

1) Why would bitcoin price drop a little since the crypto summit last night.  Shouldn't it have gone up?

2) Where do you see it heading in price from here?

3) Has Trump removed taxes yet from crypto when selling and/or tranferring from one crypto to another?

What trump signed up would boost the price of bitcoin and altcoins in long term. The reason why bitcoin price is volatile and dropping is not due to it being accepted as strategic reserve but due to the economic uncertainty that lies ahead. Which also is directly related to Trump who has started a tariff war which would make many countries suffer economically. I see this price drop as chance to accumulate bitcoin below 100K. Whether the market trusts trump or not is a short term problem, in long run, what he had done would have significance even after end of his presidency.