David Edwards
During President Donald Trump’s current term, Bitcoin (BTC) has experienced a decline of over 13%, dropping from approximately $101,000 to around $87,000. This contrasts with the performance during former President Joseph Biden’s tenure, where BTC saw an increase of approximately 45%, rising from about $36,000 to $52,000 over a comparable period.
The cryptocurrency industry initially expressed optimism toward President Trump’s administration, anticipating favorable regulatory policies. Notable industry figures, including Cameron and Tyler Winklevoss, Brian Armstrong, Marc Andreessen, and Michael Saylor, publicly supported the President. In response, the administration took steps such as establishing a strategic Bitcoin reserve and exploring additional cryptocurrency acquisitions.
Despite these initiatives, Bitcoin’s performance has been underwhelming. Factors contributing to this trend include the administration’s tariff policies and economic measures, which have introduced market uncertainties. For instance, the announcement of a strategic crypto reserve led to a brief surge in Bitcoin’s price, reaching about $95,000, but this was short-lived as prices soon reverted to prior levels.
In contrast, during President Biden’s administration, Bitcoin experienced a significant rise, increasing from approximately $36,000 to $52,000. This period saw a more cautious regulatory approach, with increased scrutiny and discussions about implementing rules for decentralized finance (DeFi) and other crypto-related activities.
These observations suggest that Bitcoin’s performance is influenced by a complex interplay of regulatory policies, economic strategies, and market sentiment, rather than solely by the administration’s stance on cryptocurrencies.
