Bitcoin has been following United States stocks in trends like never before. During the election, Trump helped bitcoin to increase but the tariff he is imposing on other countries makes the United States stocks to suffer while bitcoin is part of the assets that was affected.
He started with China, then Canada and Mexico. Bitcoin price fall. He moved to European Union countries and the price continue to fall. The latest he imposed was on imported cars which was two days ago. The market did not react fast but later bitcoin fall again as you can see.
When Trump was elected, it was gold that suffered. It fall from I think $2900 to $2500. My price is not that accurate but the fall was significantly with the price I posted. Later gold start to increase again. It is not moved by the Trump's tarrif because and it continues to increase and hit ATH. Gold is now above $3050 as stocks and bitcoin suffers.
What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.
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.
I think that you need to zoom out and look at the bigger picture of what's going on here. Trump is strategically correcting the market and trying to get the FED to cut rates so that America can get a shot again at affordability of basic necessities like having lower mortgage rates, lower prices on American made goods. He is trying to increase the manufacturing jobs and plants in the US to in the long term have us rely less on imports but focus on exporting and level the playing field on trade rates. Imposing tariffs is smart. Adopting bitcoin is smart and creating the strategic reserve will take time to fully implement. You are critiquing a work-in-progress. Markets will take time to adjust and there will be growing pains but ultimately I think this will play out well to even up the flow of money and goods. Bitcoin is and always will be its own animal in its own right but it definitely is showing that politics can not only affect the price of bitcoin but every asset class in existence.