Many people now regret voting for Trump, possibly even within the crypto community, as we initially rode the hype of his promise to support Bitcoin with crypto-friendly policies. However, I believe what's happening has nothing to do with Trump. Bitcoin has always been independent especially with the stock market. What we're seeing now looks more like a market correction, leading us into a bear market, especially since we already hit an ATH earlier this year.
So just chill.
So just chill.
Honestly, I wish what you said was true, bitcoin is unrelated and unaffected by tariff wars, economies, geopolitics...because that's how bitcoin can become digital gold, a safe haven. But ironically, the opposite is happening, bitcoin is considered a speculative asset and is closely correlated with the US stock market. It is influenced and dumped by geopolitical news, macro news about the economy...No matter how much you or others try to deny it, it is happening.
It would not be surprising if Trump changes his mind and continues the tariff war, bitcoin will continue to be dumped but those who believe bitcoin is an independent will say that the correction is not over yet
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