Trump was seen as “King Checks” – Bitcoin’s dream in Maga separated

Donald Trump’s promise to make the United States the “Crypting Capital” in the world, as well as campaign pledges on destroyed cutting systems, meant that his election in November was widely welcomed a flat moment for digital assets.

Bringing supportive personalities such as Howard Lootnick in his administration prompted many to expect the president to follow these pledges. These expectations were further strengthened by the last announcement and the executive that follows the creation of “strategic” Bitcoin Reserve and US digital assets. “

However, since the beginning of this year, the price of Bitcoin has decreased, along with other major symbols, which led many to doubt whether the self -“encryption head” will really make the mobilization boom that was hoping.

History of encryption Donald Trump

Away from historically supportive, Trump previously referred to encrypted currencies as “very volatile and based on the slim air” in 2019, and on Bitcoin as just “another currency competing against the dollar” during his first term.

During his career for his re -election, this, this The situation dramatically turned. The candidate pledged to end the “Crusade Anti-Crypto” by the Biden Administration, and to put the United States as a global leader in these new financial borders.

In the weeks that followed his victory over Kamala HarrisThese phrases fed an increase in positive feelings about the encrypted currency, which prompted Bitcoin after a brand of $ 100,000 that cannot be determined.

Why may the dream of coding Maga be separated

While his installation and executive orders that focus on subsequent encryption have led many to believe that this trend will continue, cryptocurrencies have witnessed great fluctuations in weeks since then. Bitcoin fell to less than 80,000 dollars for the first time since November last week, as Ethereum suffers from the fate of the worst and vision of all after the election gains.

Bitcoin is currently changing hands by $ 8,8200, a decrease of 5.6 percent since the beginning of the year and 14 percent since the opening of Trump.

“I think the honeymoon Trump/Chervir was somewhat exaggerated, so it is good to see some butter get out of the total market.” Newsweek.

Yashha Yadaf, a law professor at Vanderbilt University, a former legal advisor at Vanderbilt University, a former legal advisor at Vanderbelt University and a former legal advisor at Vanderbilt University and the former legal advisor of the former legal advisor of the former legal advisor of the former legal advisor of the former legal advisor to the former legal advisor to the former legal advisor of the former legal advisor of the former legal advisor of the former legal advisor to the advisor Legal, “while it may be difficult to predict the drivers behind BTC, except World Bank.

Yadaf was martyred Beit penetrationExchange of the leading cryptocurrency, as a major cause of the last bitcoin decline. Digital currencies of approximately $ 1.5 billion in the attack, the FBI (Federal Bureau of Investigation) Associated with north koreaWhich “disturbed” the market, according to YADAV, which led to major sales for Bitcoin and ethereum.

YADAV and Alden also highlighted the general relationship between cryptocurrencies and traditional markets, pointing to The last recession In the United States, shares as another factor behind the decline.

With markets ready for the expected effects of Trump’s tariff on Canada and MexicoMain indexes like Dow JonesNasdaq Composite and S&P 500 February ended with a series of late sales.

Al -Den said to Newsweek.

Is the dream of encryption really separated?

Although these events affected the price of bitcoin and raised doubts about their long -term benefit and growth potential, they can be considered externally in the cryptocurrency itself. Meanwhile, the recent procedures for the administration indicate that the gains of more decentralized currency may still be on the horizon, while maintaining the Trump-Cripto vision alive.

On Sunday, the President announced on social media that he ordered his work group in the digital asset markets “to”Moving forward in a strategic coding reserveTrump said that the stock will consist of Bitcoin (BTC), ETHEREUM (ETH), as well as XRP, Solana (Sol) and Cardano (ADA), causing high prices of each symbol.

“With the encryption market in The Soldrums last week, the weekend witnessed a rapid shift.” Newsweek. “Announcing the strategic reserve of digital assets – and not just looking at it – may cause an enormous increase in purchase across major assets such as BTC, ETH, XRP, Sol and Ada.”

Yadaf added that the language of “reserves”, unlike the previous references to “stocks”, “may indicate that the United States may appear as a major buyer of these assets below the line.”

In addition to temporary price increases, most of which now reduced the executive order on Thursday, some have considered that the advertisement indicates that Trump’s promises to encryption were not empty, and that Crypto has completely stormed the chapters of the main assets and relieves the stigma of political shame.

Jeffrey Kendrick, the international head of digital assets at Standard Charterd, described the move as “the first solid data point of” Trump “for encryption”, and this means the government -backed safety net that prevents these five currencies from seeing catastrophic declines. As a result, Kendrick told an optic outlet Mass He reaffirmed his goal of $ 500,000 for Bitcoin. However, others have criticized the idea of ​​the government’s encryption reserve as an outlet for the purpose of decentralized currency and poor use of taxpayers.

However, Trump’s five currencies will have another batch on Friday, according to Yadaf, when the White House is scheduled to host the top of its first encryption at all, with many prominent individuals of the encryption space to be attended.

What happens after that?

The cryptocurrency still has its critics, probably encouraged it last week’s declines and skeptical about the promise of the Trump’s national reserve, which will definitely need the approval of Congress.

David Gerard, the encryption historian and author of the “Blwchin” 50 -foot attack, said.

Gerard said to look forward Newsweek Bitcoin price “can do anything”, but it will be determined by the number of “potential new wills who will trade in the actual dollar of some magic beans.”

However, others believe that the dream of encryption is alive, and Bitcoin can recover from last week’s struggles and reach greater levels in the near future.

“I do not invest based on hope, but my bitcoin’s evaluation is still bullish in the long run, and I expect to recover 100 thousand dollars and continue at the top of there.”

“If this will happen in 2025, it is a completely different issue,” she added. “This will be highly dependent on total liquidity conditions and any movements or their absence from the Trump administration about potential bitcoin purchases.”