It is very headshaking that the reaction of the market is not so very positive.
That's because bitcoin price is not majorly affected by some local regulations in a small part of the world. There are a lot of other more important factors affecting it. Factors like the global economy and specifically recession.
Trump's policies have created a lot of uncertainty and has hurt the global economic stability. And to put simply when things go south, people tend to sell "risky assets" and turtle down. This is why something like gold has been soaring again.
I disagree on
small. This is America the most influential country, this is not a small part of the world. Everyone embraces America's lifestyle including the Chinamen, the Russians, the Brazilians, the Indians, and everyone from all of the continents. This is real influence.
Also, you have replied to your own reply in trying to counter my reply heheheheh. You say the Donald's policies have caused uncertainty and this has stopped the market from pumping. Yes, this has proven that America is not a
small part of the world. America's influence is followed by all countries including China, Russia, Brazil, India and everyone from all of the continents.
Well you are confusing local decisions with local effects with international decisions with international effects.
What you said in the previous comment I'd quoted was Trump's "positive actions towards projects, exchanges and the developers". That is local decisions and regulations that will mostly have local effects.
For example if Emperor Trump were to really ease regulations on centralized exchanges inside US, the exchanges will still be banned inside China and it is irrelevant whether that "lifestyle" you talked about is being followed by Chinese or not.
Conversely when the Emperor wannabe orders American miners to censor transactions it doesn't affect miners in the rest of the world!
On the other hand we have international decisions with international effects. Which is the uncertainty I pointed out earlier which is the uncertainty in the economic sense in all markets (not the bitcoin market).
For example when he decides to wage an economy war against Canada, Mexico, Panama, Europe, China, Russia, Iran, India, Africa,.... that is global economy that is being targeted and being destabilized and when global economy is disrupted like this, the effects will also be seen in all markets that includes bitcoin market.
I very much disagree because if these decisions were made during the bull market on 2021 or 2017, we can be very much certain that bitcoin the whole of the cryptospace would pump much more than the highness that it has pumped.
This is presently a different type of market with the investors and the traders that are very much skeptical despite all of these good news that the Donald has announced. The decision to remove Tornado Cash was very good and very important news for the cryptospace.