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.
That was one of the main reason why people voted for him, they thought that BTC and other crypto currencies would do well but after he won the election the price of Bitcoin has been going down immensely. Trump's administration is going as planned but in other aspects I would say he's doing well so far. But with trump as president what do you think the future of Bitcoin would be ? Is there really going to be another bill run that many experts have predicted to happen this year? From the looks of things that's not going to happen
First of all, we will have to give ourselves time to get to know what exactly Trump is targeting and planning for Bitcoin, as we know that Bitcoin is a long-term asset and at that, any policy that is designed to support and work with Bitcoin must have a long term capacity so for that not rushing the present government to do what we think is right for Bitcoin a d the entire cryptocurrency space is wrong, we should allow him settle down in office and also to hit the road running first with his policies that will equal the growth of the countries in terms of trades and other bilateral deals.