I do not believe that this will make bitcoin collapse as seen as in many headlines (if you were to ask me, I think a lot of critics are hoping bitcoin crash lol) that I see. It just sucks that this economic/political decision has stopped (for now) bitcoin's journey to more aths. Do you think that had Trump not done this, will bitcoin go on to reach a new ath this week or at least before the month ends or do you think that Trump's announcement did not really make any difference as it would have gone to a similar ending?
Just yesterday or so, someone said that bitcoin always remain strong even when the global economy is in disorder but I confidently disagree with him. Bitcoin fluctuation is usually triggered by global economic decisions and this is a good example. Since last week bitcoin has taken a positive rally setting up a new ATH but then taken a slight and sudden decline after pronouncement. Although, it won't make bitcoin to collapse but I believe we all saw what happened in the previous months during America and China drama. If care is not taken the same thing might happen again as the consequences of Trump radical decision.