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.
From the moment he made the post about his interest in strategic reserve idea and plans to make the US the center of crypto and he posted these three coins ADA, XRP and SOL. It became obvious to me that he doesn't have much plans for Bitcoin.
Furthermore, his mentioning that Bitcoin would be added as a reserve made the market react positively, them coming back to say three reserve would be fueled by confiscated bitcoins instead of new purchases saw the market retract by over 4% almost immediately as investors lost confidence.
Furthermore, his tariff policies has increased fear about economic stability, which is prompting investors to look out for safer assets to invest on rather than a fairly risky Bitcoin and this increases downward pressure on Bitcoin.
I'm only happy that Bitcoin is decentralized and only his actions cannot determine bitcoin's future. This is validated in the recent price surge from 83.5k to 88.5k in a short while. Which makes me know that the the bear markets isn't totally dependent on his actions. Bitcoin would still follow it's trend regardless.