Post
Topic
Board Economics
Re: Are you enjoying Trump?
by
l99l
on 25/03/2025, 20:53:10 UTC
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.
You are right. Although he is a president who has taken important steps for Bitcoin. Bitcoin has definitely fallen due to the customs duties and some uncertain policies he has implemented.
In the future, he may enact even harsher tax laws or similar laws, which will directly affect financial markets and Bitcoin.
Remember, when he was first president, he had the biggest impact on Bitcoin entering its bear season. Now, his interest in owning Bitcoins can still be seen as a good thing.