The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.
Funny enough, altcoins are not performing well either. Trump lunching a coin and rug pulling was very low, even for him. He made sure the coin was lunched right before his inauguration, so it would be that he set it up before he was president so he could have plausible deniability that he did not do anything, but he knew exactly what he was doing. I'm not surprised, though. That's what I expect from Trump.
We were deceived with what we love the most, deceit and manipulation is what Politicians have mastered and it always seems to work.
Well, I wasn't. I could see right through it and I said it here countless times during is campaign. I remember vividly the words of trump on bitcoin and crypto in 2019, and a man like Trump is not somebody who will make a U-turn just like that. He knew what he stood to gain if he was pro Bitcoin and crypto, and he played his card right.
Bitcoin will be fine regardless, though. I'm not worried. It has faced much worse times, yet it still grew. I expect bitcoin to get to over $100k this year, and it would not be because of Trump, but because it is bitcoin.