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.
Trump talked a lot about Bitcoin before the election to get the support of Bitcoin lovers. And even after the election, he talked about Bitcoin for a few days. But now he is talking in favor of Israel and on the other hand is making various changes to the law regarding VAT tax. The whole world has now started talking against Trump. And due to such activity in the world, the crypto market has started going down, and Bitcoin and other fall top coins have already gone down a lot. Trump has now become a threat for crypto.
Yes, that's what is feared, indeed in taking Trump's policy there are many controversies that occur, and that is very worrying and can affect the Crypto market, when Trump announced trade tariffs and set the policies that occurred and it was very difficult and caused a simultaneous decline in the Crypto and Bitcoin markets, indeed that decision affected digital assets. I think if Trump's decision is not changed, an economic downturn will occur.