How Trump caused Trump’s “head of encryption” in Bitcoin’s history

toESS more than a year after the pledge to be The first “chief encryption” at allDonald Trump supervised the largest crash in history Coded.

More than 1.3 trillion dollars from the market has been eliminated since he took office on January 20-the largest decrease over 11 weeks in 11 weeks BitcoinBeginning in 2009.

The latest sale comes amid the broader market turmoil in the wake of the Trump trade tariff, “Tahrir Day”, which was announced last week, which caused this Fears of global recession.

But the bitcoin price has already started on the day of its inauguration, as it fell from a record level of $ 109,000 in late January to less than 75,000 dollars on Monday.

The world’s leading cryptocurrency has now returned to the same level when it was when Trump won the US presidential elections in November, with the high prices that he fed and his promise to provide pro -sulfo policies once in the White House.

At the Bitcoin 2024 conference in Nashville last July, the Republican candidate said that he will create a bitcoin wardrobe, protect the encryption industry from “Elizabeth Warren and Jamili”, and ensures that “all the remaining bitcoin [is] Made in the United States. “

However, Trump’s policies have proven to be harmful only at Bitcoin and the encryption industry in general. Even an executive in March to create a Bitcoin Strategic Reserve, which occurred before the first White House encryption summit, was seen as “subpar” by some.

Agne Linge, the head of the growth at The Digital Bank Wefi, told the independent that investors saw this step a “trick”, because it did not involve the purchase of any new bitcoin.

The launch of its Mimi currency in January also contributed to the loss of confidence in space, as investors at $ Trump and Milan suffered Cumulative losses of $ 2 billion. His support for the Mimi currency has complicated space and helped legitimize a phenomenon that has witnessed tens of thousands of new symbols that enter the market every week.

Dukwin, which was the first Mim coin ever, was one of the largest losers since Trump became president, after losing more than two -thirds of its value over the past 11 week.

Other leading cryptocurrencies, including Cardano, Ethereum and Solana, have witnessed the collapse of their prices by more than 50 percent.

The latest decline, caused by recently announced definitions, can be the beginning of the long -term direction, according to some analysts, due to the impact of traditional financial markets.

Asian stocks suffered from the worst decrease in contracts, while the FTSE 100 index fell to its lowest level on Monday. Billionaire Ender Fund Bill Ackman, who supported Trump last year, He said During the weekend, the new tariffs ranging from 10 and 50 percent can lead to all imports of the United States to “the economic nuclear winter that caused by itself” may take decades to recover from it.

Bitcoin and the broader encryption market reflects the movements of stock markets, as investors are looking to empty risky assets during periods of economic uncertainty.

Javier Rodriguez Alackon, chief trading official at Crypto Finance Firm, said Independent.

“While the narration surrounding Bitcoin as a hedge against the fluctuations of the traditional asset market is still gaining traction in many angles, the quick step for bitcoin besides the arrows shows that encryption is still trading like any other risk assets in the face of sudden uncertainty for most of the market participants.”

Despite the sudden prices of Bitcoin, Alarcon and other industry experts pointed to the benefit of the cryptocurrency as a long -term store for value.

The cryptocurrency is characterized by limited supplies-there will be 21 million coins of bitcoin at all-which leads to comparisons with other limited assets such as gold, which are currently near their highest standard levels.

“While Bitcoin’s price procedures do not reflect traditional hedges like gold, this does not nullify its potential,” said Simos Roca, CEO of XAPO. IndependentHe said that the future of Bitcoin will not be determined by the economic policy of one person.

“Let’s not feed on hysteria and reject the long -term value represented by Bitcoin after a few turbulent days … Bitcoin is still in its early stages, and develops into a digital alternative to gold. You may not act just like hedging today, but in the long run, it is increasingly placed to achieve this role.”