Are you enjoying Trump?

[_act_]

You all thought Trump love bitcoin? But his policies is not making sense for bitcoin price to increase. His tariff plan on import of goods from Canada and Mexico caused the price of bitcoin to decrease. He paused it but later said yesterday that the tariff will become effect starting from next week. Bitcoin fell again and now below $90000.

[Maslate]

Yeah, because this could lead to slower economic growth and higher inflation. When inflation is high, people might struggle to invest in Bitcoin since they’ll have less disposable income to put into assets like crypto. But for now, this is all just speculation as we haven’t seen the actual effects yet. Maybe we just need to wait and observe whether it will really impact the market, especially since Trump’s policies are known to be strong and unpredictable.

He has stated that he wants the U.S. to be the crypto capital of the world, which could mean more accumulation. If the U.S. ever considers holding Bitcoin as a national reserve, that would definitely be a bullish sign.

For now, though, everything is still up in the air. The recent price dump isn’t just about Trump’s policies, the Bybit hack, which was one of the biggest in crypto history, is also making headlines and possibly causing panic among weak hands.

[Ambatman]

All is too general
Not everyone believed Trump loved Bitcoin
I think it was a means to an end.
I'm not surprised with our performance lately
I believe he's going to benefit when Bitcoin falls
So he can accumulate "crypto " cheaper before their pump.


Sadly we ain't creating new ATH
The good thing is we can buy cheaper.

[cabron]

Well Its going to be what it is. He did made the price of BTC go up in the beginning of his 2nd term until this tariff will take effect and will make prices of everything higher. A lot of things will not be affordable sooner, the price of eggs started a week ago. Trump will probably make BTC fall for now and it will rise also before his term ends.

The pattern seem to be forming, every after bull run, there is an exchange that will fall before the bears dominate. Last bull run it was FTX and now I think its going to be bybit.

[Oshosondy]

The pattern seem to be forming, every after bull run, there is an exchange that will fall before the bears dominate. Last bull run it was FTX and now I think its going to be bybit.

Why relating Bybit to what is going on and with what happened to FTX? It is not related to what is happening now and FTX collapse. Bybit hack was of huge amount but Bybit was able to make its exchange not collapse. It has nothing to do with the price of bitcoin that is falling right now.

[Reynaldo]

Macron has been handling the economic tensions with surprising skill, showing that diplomatic finesse can counterbalance aggressive trade posturing. There's a massive difference between Trump's rhetoric and actual implementation  his tendency to bluff and use threats as negotiation tactics is well documented.

[kotajikikox]

You all thought Trump love bitcoin? But his policies is not making sense for bitcoin price to increase. His tariff plan on import of goods from Canada and Mexico caused the price of bitcoin to decrease. He paused it but later said yesterday that the tariff will become effect starting from next week. Bitcoin fell again and now below $90000.

That is because his policies are not focused on making bitcoin's price increase. He is thinking of the US first and foremost so whatever is its affect on bitcoin is second priority. But also I think he is focused more on long term adaption of bitcoin rather than just making it increase in price for a few days then that is it. I think he wants to really make the country bitcoin friendly for over a long period of time.

[Davidvictorson]

Another reason for this is the proposed retaliatory tariff from China, Mexico as you can read in the quote:

Canada and Mexico, the United States' top trading partners, immediately pledged to impose retaliatory tariffs, while China stated that it would challenge the levies at the World Trade Organisation.
https://economictimes.indiatimes.com/

Even though I feel that Trump's announcement has caused this it seems to me that it will not last for an extended period, and the price of Bitcoin will not fall below 80,000. If the report from Trump's working group,  “AI and Crypto Czar” led by David Sacks, is released, the price of Bitcoin will rise.
 

[Oshosondy]

He is thinking of the US first and foremost so whatever is its affect on bitcoin is second priority.

By increasing import tariff? Sending immigrants back home? Both that will increase inflation in the country.

But also I think he is focused more on long term adaption of bitcoin rather than just making it increase in price for a few days then that is it.

Without Trump, bitcoin will continue to be an asset of value. He cares more about altcoins and Trump token.

I think he wants to really make the country bitcoin friendly for over a long period of time.

Bitcoin increased during Biden time. Gary Gensler accepted bitcoin ETF. You will say they want to make US more crypto friendly. Not bitcoin because US was always bitcoin friendly.

[Alpha Marine]

Trump is not going to do anything to directly influence bitcoin. I don't think Trump was a lover of bitcoin on its own. There was a reason why his view shifted. He was in league with a lot of top dogs from Silicon Valley and a lot of these guys were not against bitcoin, so it would be like a conflict of interest if he was talking about being on the side of these software technologies owned by these guys, but he was against bitcoin.
Trump is not a man to change his view simply because he sees that he was wrong, there has to be more to it and that is what I've always believed and still believe.

The pattern seem to be forming, every after bull run, there is an exchange that will fall before the bears dominate. Last bull run it was FTX and now I think its going to be bybit.

The situation of bybit and FTX are not the same.
With bybit, they lost money which you can consider as a bump on the road, but they will be fine, in the case of FTX, they crashed totally. They lost customer's funds, they made poor and greedy decisions with the funds. I

[Jawhead999]

CMIIW, I read that the tariff has been started since February 4, 2025, but why the effect happened today?

I think the journalists were trying to find something to blame behind the recent dump of Bitcoin.

The bad thing is, this tariff imposed by US was just a beginning, I read that Trump will add more tariff until the next year.

It's really funny someone utilize this moment for his personal benefit, where was him when Bitcoin price hit $109K? Bitcoin is a bubble and will blow up someday, says Jim Rogers

[Ndabagi01]

The pattern seem to be forming, every after bull run, there is an exchange that will fall before the bears dominate. Last bull run it was FTX and now I think its going to be bybit.

This could only just be a coincidence and nothing else like what you’re insinuating. FTX collapse has the total exchange going bankrupt and stop their services entirely, whereas Bybit only faced a little setback which only caused panic but never affected most users that are using their services. It was an hack and they’ve been able to resolve the problem and get everything working back. Even as it is not good to save huge amount of money on exchanges, the Bybit attack has nothing to do with bitcoin fall in price now.

[tabas]

You all thought Trump love bitcoin? But his policies is not making sense for bitcoin price to increase. His tariff plan on import of goods from Canada and Mexico caused the price of bitcoin to decrease. He paused it but later said yesterday that the tariff will become effect starting from next week. Bitcoin fell again and now below $90000.

I'd say, give him time to make it up for Bitcoin. It's too quick to hope for something that it's not urgent and not a priority. And I won't blame the tariff policies that he's got for the plunging of Bitcoin's price. Despite that we're in a bull run, these drops are normal to see. It might have an effect but I don't think it's the sole reason why we're see a huge drop. While Bitcoin moves a lot rapidly, it is to be expected that whenever it corrects, it could be heavy too.

[Zlantann]

You all thought Trump love bitcoin? But his policies is not making sense for bitcoin price to increase. His tariff plan on import of goods from Canada and Mexico caused the price of bitcoin to decrease. He paused it but later said yesterday that the tariff will become effect starting from next week. Bitcoin fell again and now below $90000.

His policies are becoming counterproductive to the global economy. Investors are moving to low risk assets because of the fear of the unknown. Hopefully the trade war will be settled very soon and the global economy will recover which will equally affect the price of Bitcoin positively.

The pattern seem to be forming, every after bull run, there is an exchange that will fall before the bears dominate. Last bull run it was FTX and now I think its going to be bybit.

Why relating Bybit to what is going on and with what happened to FTX? It is not related to what is happening now and FTX collapse. Bybit hack was of huge amount but Bybit was able to make its exchange not collapse. It has nothing to do with the price of bitcoin that is falling right now.

These exchanges will always claim that they have enough to cover the losses. But the company might be going through lots of financial that will be hidden from the public. In some cases, it takes months for the effect to become visible.

[moneystery]

....
Without Trump, bitcoin will continue to be an asset of value. He cares more about altcoins and Trump token.

i agree with what you said that with or without trump, bitcoin will continue to grow. what he did yesterday when he supported bitcoin in his campaign was just a contradiction to the biden administration which did not openly support bitcoin. however, if we look at it, even though the biden administration did not fully support bitcoin, at that time the price of bitcoin also increased. so i feel that in this case there is no need to expect too much from trump, because his focus now is different compared to his campaign period which was too enthusiastic in supporting bitcoin.

[Majestic-milf]

 Trump believes so much in these tariffs. To him they will boost the economy of the country and protect the country from illegal immigration and the flow of drugs. Although it's giving the opposite effect as it is since prices are skyrocketing and businesses are being affected, also affecting Bitcoin price but maybe it's only a matter of time before things become stable.
 Except there would be a major purchase of Bitcoin from other countries or businesses that aren't acutely affected by these tariffs from Trump, Bitcoin price may drop further and I won't hurriedly say the president has swept the plans he has for Bitcoin under the rug (yet). Let's just see how things hold up till the end of March. Maybe he'd lessen them when things get out of hand.

[avikz]

You all thought Trump love bitcoin? But his policies is not making sense for bitcoin price to increase. His tariff plan on import of goods from Canada and Mexico caused the price of bitcoin to decrease. He paused it but later said yesterday that the tariff will become effect starting from next week. Bitcoin fell again and now below $90000.

Lol! Trump is sure a businessman but one thing he is forgetting. In this world, no country can walk alone. The economy is based on collaboration. The way Trump is moving, might damage US economy for the decades to come. Bitcoin is just a small part of it.

Trump is supposed to create some policies that will support the crypto businesses in US. But we haven't seen anything coming yet. So expect more bumpy rides for Bitcoin and for the economy as a whole.

[Mate2237]

Trump promises about Bitcoin is in motion as he as already set up a committee that will bring a template on how Bitcoin can be incorporated into the banking sector especially as it concerns about regulation and making Bitcoin legal in the United States of America so I will disagree with you in the context that your going because I don't see the connections of the tax trump plan to impose on certain countries to the volatility of the price of Bitcoin that we are currently experiencing

The truth of the matter is that what is happening is a political issue and should not be linked to Bitcoin there's a power play going on by the political class in the world political sector, if you where only saying that wether people where enjoying Trump's policies especially his plans to stop funding the USAID and other executive orders that he has passed then I would have seen reason with you but bringing bitcoin to it no trump is in the process of fulfilling his promises Concerning bitcoin because his plans are already in motion

[coupable]

Trump promises about Bitcoin is in motion as he as already set up a committee that will bring a template on how Bitcoin can be incorporated into the banking sector especially as it concerns about regulation and making Bitcoin legal in the United States of America so I will disagree with you in the context that your going because I don't see the connections of the tax trump plan to impose on certain countries to the volatility of the price of Bitcoin that we are currently experiencing

Trump cannot change the general policies of the US finances, because the decision cannot be his alone. America is a state of institutions and the president can implement his plan through appointments to major decision-making positions. Trump can grant a pardon to a convict in cases related to crypto, but it is not easy to change the entire system. Currently, US policies in general can be considered somewhat crypto-friendly and the SEC is trying to keep up with developments. Many experts believe that countries are still not ready to facilitate the use of crypto in full.

[BALIK]

The pattern seem to be forming, every after bull run, there is an exchange that will fall before the bears dominate. Last bull run it was FTX and now I think its going to be bybit.

Why relating Bybit to what is going on and with what happened to FTX? It is not related to what is happening now and FTX collapse. Bybit hack was of huge amount but Bybit was able to make its exchange not collapse. It has nothing to do with the price of bitcoin that is falling right now.

These exchanges will always claim that they have enough to cover the losses. But the company might be going through lots of financial that will be hidden from the public. In some cases, it takes months for the effect to become visible.

I don't know if Bybit has recovered all the losses as they claim or if they are still facing issues that the public is not aware of, as you suspect. But one thing is for sure, when the incident happened, a lot of users withdrew money en masse and the number reached 5 billion dollars but no one complained about not being able to withdraw money or losing money. So far everything has been going very well with bybit, no complaints or accusations from their users. This is in stark contrast to what FTX did, thousands of investors lost money and have yet to receive full compensation.

It is obvious that comparing bybit with FTX is unfair to bybit and we should not equate all centralized exchanges as bad as FTX or Mt.gox. As I see, bybit is getting huge support and praise from the community because they handled the issue perfectly, only a few are badmouthing them and maybe because of jealousy.