Post
Topic
Board Bitcoin Discussion
Re: Some people are thankful to Trump for Bitcoin's price boom.
by
CryptoHeadlineNews
on 13/03/2025, 15:23:43 UTC
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.
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.
The accolades are definitely in order.
The truth of the fact is that despite how Trump seems to be the most powerful individual in the world today, whose single tweet can manipulate the entire crypto market, causing a slight volatility. One thing that remains certain is that his coin (i.e $Trump coin) would have never been a priority as compared to Bitcoin, but rather a business tool used to cause volatility at anytime in the crypto market and make major cash-out. Because if we could analyze $Trump's coin, we could noticed it was launch on 19th January at $8, and few hours later on the day of his inauguration (i.e 20th Jan, 2025) Trump's coin skyrocketed to $72 per coin, and later fell back the next day to $32 per coin, of which since then, it's kept depreciating. Which literally show that that coin was politically inclined, as an avenue for those crypto gurus who invested in Trump's campaign, to make massive profit through the coin.