Quote from: Ishicryptic on Today at 07:49:18 AM

Quote from: Mrbluntzy on March 09, 2025, 06:24:23 AM

Some guys in the area are saying that Trump is the reason why Bitcoin got to $100k last year and even surpassed it this year. Do anyone of you here have same thought?
In my opinion, wiithout the US presidential election, Bitcoin would have still surge to $100k last year or this year. There's no reason to give unnecessary credit to Trump as the god that made it possible for Bitcoin to quickly catapulted to $100k. Do you agree with those people that are giving credit to Trump? What do you have to say.

Bitcoin price is determined by supply and demand, fundamentally it is mostly positive or negative news that triggers it so the news can come from Trump, or any other events. No doubt that we would have still seen price at $100k sooner or later, with or without Trump, because Bitcoin has the potentials but we can't deny that Trump's positive Bitcoin approach during his campaigns helped Bitcoin to be bullish at that time. We can't also deny that the Trump, ignited tariff war affected Bitcoin price to dump and when he paused it we saw a correction and price started to rally. The fact is that it takes more than Trump, to influence Bitcoin price, maybe what can take us to the peak of this bull season might not have anything to do with Trump, or America.

In recent years, most of the events related to the wider use of Bitcoin have taken place mainly in America. All other countries except El Salvador are lagging behind America in this direction. Trump has clearly affected the entire crypto industry. If we compare what happened in this sphere during the Biden and Trump administrations, we can see that the Democrats tried their best to oppose the development of the crypto industry, while the Republicans support its development. So there is no denying that Trump's actions contribute to the development of Bitcoin and the crypto industry in general.