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    Author Topic: Do you think that Trump is a positive influence to Bitcoin.  (Read 482 times)
    bestcandy (OP)
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    February 04, 2025, 01:59:58 PM
     #41

    Before Donald Trump was inauguration as the 47th president of US we were all optimistic to experience more bull run of Bitcoin considering all his proposed plans which seen to be favourable to Bitcoin but what we are seeing now in the price of Bitcoin is opposite of what we were expecting.
    Before he was inuagurated there was a bullish in the price of Bitcoin to about $100k but Bitcoin has dipped to about $97k.
    Because of Trump position in Bitcoin people are considering the current dip to be as a result of Trump signed executive order that imposed 25% tariff on imports from Mexico and Canada and 10% from China.

    https://www.forbes.com/sites/alisondurkee/2025/02/01/trump-signs-new-tariffs-on-canada-mexico-and-china-heres-what-to-know/
    It is important to note that Bitcoin doesn't depend on any politician to achieve its objectives. We are in the bull run; hence the price could get to any level. Don't depend on politicians to make your investment decisions because they cannot be trusted.      
    I have said this before, that people should not put politics in front when talking about Bitcoin. Bitcoin its own has been doing fine right from the oncept. It usually experience bear an bull season but tagging Bitcoin to Trump or politics makes it look thus Bitcoin is a centralized currency that can be manipulated by politicians perhaps not. We just need to zero our mind and keep investing and forget about Trump or his promises, as politicians can not be trusted when it comes to making promise. Afterall trump once disappointed the mases when he made promise about Bitcoin in his first tenure but couldn't fufill his promises, perhaps it's not a new thing anymore.
    It's true that Bitcoin is not a centralize currency that can be easily manipulated by politician but considering the fact that we are living in a political motivated world you cannot completely dissociate Bitcoin from politics because a political leader of a country can make decision that will directly or indirectly impact Bitcoin positively or negatively. For instance, before Trump was inuagurated as the 47th president of US there was a speculation that he proposed considering using Bitcoin as strategic reserve asset of US and we were all optimistic that it will bring a positive impact that will enhance the potential of Bitcoin if he actually achieved his dream of inserting Bitcoin to US strategic reserve.
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