Trump’s “support” is the worst thing that could happen to Bitcoin.

From a psychological point of view, Trump is the textbook definition of a pseudo-personality — whatever he promises, the opposite usually happens:

• Said he’d bring peace — now we’re seeing conflicts pop off everywhere, even between Cambodia and Thailand.
• Promised to cut the deficit — then signed off on bills that ramp up government spending like crazy.

And now, the real kicker: under Trump, banks have already been given the green light to issue their own “private dollars.” That’s not some future plan — it’s happening. And this move is a ticking time bomb.

When the financial system starts to crack, the blame won’t fall on Trump or the banks. It’ll fall squarely on Bitcoin. Just like the crackdown on ICOs or the Libra project, governments worldwide will use this as a trigger to go after crypto hard.

In that kind of environment, the total crypto market cap could easily collapse back down to a few hundred billion.