Quote from: CryptoHeadlineNews on Today at 08:59:20 AM

Quote from: Mrbluntzy on March 09, 2025, 06:24:23 AM

Some guys in the area are saying that Trump is the reason why Bitcoin got to $100k last year and even surpassed it this year. Do anyone of you here have same thought?
In my opinion, wiithout the US presidential election, Bitcoin would have still surge to $100k last year or this year. There's no reason to give unnecessary credit to Trump as the god that made it possible for Bitcoin to quickly catapulted to $100k. Do you agree with those people that are giving credit to Trump? What do you have to say.

You are totally wrong, because Bitcoin could never have crossed the $100k benchmark if Trump's influence was never involved, because if we are to take a look at the price of Bitcoin before the U.S presidential election, we could noticed Bitcoin was valued at $63k per BTC, and immediately we saw that Trump was already getting the majority vote during the period of election, Bitcoin started skyrocketing, proving a sign of his influence, due to the huge promises he made during his campaign to the crypto community, to create a conducive atmosphere for crypto businesses across globe. Because the truth of the fact is that Bitcoin would have still be struggling between $60k to $80k per BTC If Trump wasn't involved.

You have a point you know because the victory of Trump did bear significant impact on the crypto market.
Could it be because he acknowledged the crypto currency world and got major votes from them, or because he made a promise to the cryptocurrency world about lifting some stringent policies and heavy taxes and is actually fulfilling them as part of his first term resolution.
The white House even organized a summit for the cryptocurrency world and has signed into implementation, the Bitcoin/cryptocurrency strategic reserve.

I wonder why a powerful personality like this, showing so much support with even a launch of his own coin, $Trump coin, won't affect the cryptocurrency market when his approach is a major volatility in itself, affecting from price trends, to its movement and policies.