Trump and the fall of Bitcoin and Wall Street

in Club50503 days ago

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Recent declines in financial markets, including Bitcoin and stock markets, have sparked speculation about whether President Donald Trump's policies are intended to trigger this decline. However, there is no evidence to suggest that Trump is deliberately attempting to crash these markets.

Trump's economic policies, such as the imposition of tariffs and unpredictable decisions, have contributed to volatility and declining confidence in financial markets. These actions have led to notable instability on Wall Street, with investors seeking more stable markets outside the United States, such as China and Europe.

In the cryptocurrency space, Trump's announcement about the creation of a Bitcoin Strategic Reserve, using cryptocurrencies seized in legal proceedings, initially generated negative sentiment in the market. This led to a drop in the Bitcoin price below $82,000, with a decline of more than 5% in the last 24 hours.

Furthermore, trade tensions and current economic policies are negatively impacting Bitcoin and other digital assets. Analysts warn of a possible Bitcoin drop to $73,000, seeking support at a crucial technical level.

In short, although Trump's policies have contributed to volatility and declines in the financial and cryptocurrency markets, there is no indication that he intends to deliberately crash them. The current situation appears to be a consequence of his economic and trade policies, rather than a premeditated goal.