I remember clearly a few months ago, in late 2024 during the campaign of Donald Trump. He made huge promises about crypto and how things will look and this was all part of the "Make America great again agenda".
Of course you can't make America or any nation or any world wide project great again in just a couple of months but it's been a while now.
Enough time for anyone to make an assessment of whether Donald Trump is going to do as he had promised or it'll just be another political reality for all of us (basically excite us to vote and then attempt, and then make excuses).
This is my opinion and I stand to be corrected by anyone that reads, I think so far Donald Trump has managed to become the face and voice of Bitcoin which of course has a ripple effect on all other alt coins. To me, that's a bad thing.
When Trump says anything positive about Bitcoin, it pumps, when he says anything that even seems remotely negative, we see dips.
Recently crypto has taken huge hits. Bitcoin and other crypto prices have dropped and they've dropped really fast, just like the stock market. People all over the world that are concerned about crypto have become very troubled that a big crash might be coming.
Bitcoin is now below $80,000 and the whole crypto market has lost $1 trillion in just a month. That's almost four times the wealth of Elon Musk...poof, gone.
Some traders still think Trump could change things for the better, but others are cautious and they have enough reasons to feel that way if you ask me.
Speaking of Elon Musk, he has warned about crypto prices and the fluctuations we'll see. Also BlackRock’s CEO, Larry Fink, says Trump’s trade policies could cause more inflation. Ain't inflation the thing we're supposed to be reducing, but the decisions being made could lead to more inflation.
Because of all this happening, it's less likely the Federal Reserve will cut interest rates anytime soon.
Goldman Sachs and other economists are also raising their chances of a U.S. recession happening. They said that Trump’s economic policies like what has been trending a lot recently, the tariffs, executive orders and other decisions could create uncertainty and increase the risk of a recession in America. Trump is a smart man no doubt but he's making a lot of risky moves.
If new inflation data is released and it shows that prices are still rising, this might mean the economy is slowing down while prices keep going up, which if you've done a bit of study in how economies work, you know this is bad news.
A lot of the traders that have been in the crypto trading game are probably preparing themselves for more losses as the situation gets worse. Whatever happens in the next few weeks will give us enough information to know how things will look throughout 2025.
I'm not saying I've lost all faith in the promises of Donald Trump but it's not looking good at all. From Tariffs to dips, I actually thought we'd be seeing more pumps this year and more dips next year out of victory selling but we're still in March 2025 and I've already seen some of the worst slide downs in a while.
Of course you should consider that Bitcoin was nowhere near $100,000 a few months before 2025 but here we are, with Bitcoin around 70,000 to 80,000 and some people are crying.
I believe there's still hope for some massive changes though. All that has to happen is some good news and it turns the behavior of crypto investors and that'll create the pump we're all looking forward to.
What do you think, is Trump going to help or mess up crypto in the end?
Posted Using INLEO