That's certainly good news for crypto. De-regulation should help attract more crypto businesses and companies into the country. A win-win for both the government and crypto holders. But a lot more needs to be done if Trump wants Bitcoin to go all the way to Mars. At least, in the short-term. Either way, Bitcoin will survive thanks to the way it was designed.
Despite the downfall in market prices (due to tariffs), BTC is still the best-performing asset in the world. Bitcoin's gains are a lot higher than Gold's over the long term. The tariff pause would be a great opportunity to sell some BTC at a high price to buy some more after it resumes (which will trigger a bear market). Play your cards right, and nothing should stop you from becoming filthy rich. Who knows what surprises we'll find in the future?
Downfall of markets can not only be concentrated on those tariffs. But also to Powell and rate cuts.
Yesterday there was one of those FOMC meetings with Jerome Powell and as soon he started speaking the bitcoin price started falling. It dropped by nearly $1000 before he was done.
So these rate cuts proposal do have some effect on the price of bitcoin whether we like to admit it or not.
Trump blamed Powell right after and even called for his resignation on the matter.
Wasn't he the one who hired him in his previous term and has been there ever since?