Re: Donald Trump's stance on Bitcoin is changing, but the Trump pump is real!

It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe.

I love the last laugh you added, it's is deserving, especially to those who trusted someone like Trump. Grin

I warned many times when the ovation was so loud for him, but someone like me who could read behind the pretence knew what he was trying to do. Trump needed to be recognised in the crypto world just like Musk and also make as much money as he could, it's all business and he succeeded, thanks to the gullibility of people.

The opportunity came and he used the US presidential saga as bait, and nicely, people fell for it. This man will do nothing outstanding for Bitcoin/crypto because he doesn't care, he's fake, and even the promised strategic reserve, if eventually tries to carry it out, would fail at the Congress. He knew all that but just playing the people.

However, despite our speculations before that the Donald will be a traitor to the cryptospace and the community, his administration has been creating positive regulatory decisions and also positive actions towards projects, exchanges and the developers.

All these Trump's praises are still alien to me and of course, he will not do anything obviously contrary to his manifestos even if he didn't do anything significant. That's why you will not see him doing anything anti-crypto directly, but to what gain will that be to the market when the expected sentiment has already passed what he is doing? For me, he has done nothing but indirectly hurt the crypto market.

Quote

It is very headshaking that the reaction of the market is not so very positive. I reckon if these positive decisions and actions were being done on the bull market of 2021, we can be quite certain that bitcoin will keep pumping never endingly. This market, however, appears to be something similar to the movement of a bear market.

I've said before he became the president that Trump could be the reason the bear market would happen faster than anticipated, due to his actions and inactions. His actions in the first few weeks in the office had done enough damage already to the point that the market doesn't take his words for a long-term positive reaction anymore.

Expect more disheartening reactions from Trump, we shall all witness them.