Looks like Trump somehow made Bitcoin go down instead of pumping it, as many were expecting.
Certainly we were optimistic that Trump will help Bitcoin base on his proposed idea of using Bitcoin as a strategic reserve of US prior to his inauguration but what we are seeing now show that he made Bitcoin to go down instead of Pumping and this may be as a result of some of his economic policies especially the increase of tariff in importation of goods from China, Canada and Mexico.
dude he will be doing world wide tariffs to any country that charges a tariff to the USA.
the list of countries that do not charge the usa a tariff
"
https://www.trade.gov/free-trade-agreementsFTA tariff tool.
Australia
Bahrain
Canada (included in the United States Mexico Canada Agreement USMCA)Chile
Colombia
Costa Rica (included in the Dominican Republic - Central America FTA [CAFTA-DR])
Dominican Republic (included in CAFTA-DR)
El Salvador (included in CAFTA-DR)
Guatemala (included in CAFTA-DR)
Honduras (included in CAFTA-DR)
Israel
Jordan
Korea
Mexico (included in the United States Mexico Canada Agreement USMCA)Morocco
Nicaragua (included in CAFTA-DR)
Oman
Panama
Peru
Singapore"
Canada and Mexico are on that list and will not longer be tariff free
along with about 180 countries with tariffs already
We earlier thought that Trump will be a great performance indicator that will pump the price of Bitcoin but his economic policy show that his attention is more on economic war and economic supremacy than Bitcoin and this has resulted to a severe negative impact on Bitcoin that is not in correlation to our expectations from him