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.
Well he does not love Bitcoin but the idea that he will make money from it and it was to his benefit, like we can say most of the benefit was to him, he gets more vote, he get more funds to run his campaigns, he gets to make most of the money. He knows his statements will dump or pump the market so basically we have handed over the reins of the market to him, which we already saw coming through but we still gave it because we want the market to pump.
Before he won the elections, we all wanted to give him the reins of the market so the market could pump and all of us could get more profit, but to be honest, people like me who were lazy and did not book at the right moment are the ones who regret it, but still we are hoping these tariff war is temporary like any other war and good times will shine again, and we even in a huge loss will recover and get some profit too.
We should understand that Trump was never a bitcoin friendly person right from onset, he is just trying to make some adjustments since bitcoiners played an important role in voting for him in the 2024 November elections. Actually, when i sense danger was when the price of bitcoin skyrocketed an got a new ATH after Trump was declared as President-elect. I started having the feelings that if the price of bitcoin can experience such increase within a short interval of time just because of a political news, it then means that when there is a negative news it will also affect the price. However, no matter how Trump or any organization tries to manipulate the market, it won't last for a long time. Trump just assumed office not up to 3 months, the government is still young so we shouldn't expect policies that will favor bitcoin or the crypto market immediately.
As for the tariffs controversies, it won't last forever and i believe everything will return back to normal when this tariffs FUD is over and we will enjoy the market again. No need to panic for now, we just need to be very observant before we make any move.