You all thought Trump love bitcoin? But his policies is not making sense for bitcoin price to increase. His tariff plan on import of goods from Canada and Mexico caused the price of bitcoin to decrease. He paused it but later said yesterday that the tariff will become effect starting from next week. Bitcoin fell again and now below $90000.
Trump has never been a big bitcoin enthusiast. He saw this as part of his election strategy because he couldn't be sure whether every single vote counts. I personally think that people voting for Trump only because of some bitcoin statements he made is stupid. It is dumb. A vote carries some weight and if that weight consists only of a person's interest in bitcoin, that is quite sad then. But everyone can do as they please, however what caught be me by surprise was the expectations people had in regards to Trump being pro bitcoin. You could notice that he has no idea about the technology, the few sentences he spoke here and there were studied sentences from his advisors. He never gave a more in depth talk as to why he thinks this technology could be important. To sum it up there was no serious sign that Trump truly stands behind supporting bitcoin to thrive. He only sees markets and values and since bitcoin gained value and his family is into cryptocurrencies, he will of course do a couple of things that could benefit it. Just see how this freak launched meme coins...