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 likes crypto a lot since Trump is backed by mostly crypto billionaires and crypto companies in his last presidential campaign.
His right hand Elon also has no hate in crypto in fact Tesla still holding some crypto in their balance sheet.
After trump got elected he also announce Bitcoin Startegic reserve, fire gary gensler and new SEC is drop the lawsuit against crypto company.
But yes he like economic war he just want make America great again and because of it tariff and the other makes crypto have mixed signal between bullish and bearsih at the same time, while Gold achieving new all time high