Is Donald Trump a curse for the crypto market?

in hive-183397 •  2 months ago 

Assalamu Alaikum


How are you? By Allah's grace, I'm doing very well.

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If you look at the Bitcoin chart, you will see that since November, when Donald Trump became the President of the United States, we saw a huge pump in the market, and when everyone realized that Donald Trump would be the President of the United States, the market started pumping even more. And while pumping, the price of Bitcoin went to about $110,000. Then, after a correction, the price of Bitcoin went to $108,000 again. Now, the price of this Bitcoin has gone back to $78,000. It was like Donald Trump launched a coin, then told people to invest, people invested, and the price of this coin pumped up, and then suddenly Donald Trump dropped that coin. Because this is what usually happens with the entire crypto sector. The amount of expectations that people had or the amount of trust that people had on Donald Trump has now turned into dust. Because if you look at it now, everyone in the crypto sector hates Donald Trump a lot. Everyone is saying that it would have been better if Donald Trump was not in the crypto sector. Because in the last two to three months, we have seen so much manipulation in the crypto sector that it has never happened before in the history of Bitcoin. If we analyze the previous bullruns, we can see that every four years, the bullrun starts in quarter 1, but this time it has completely reversed. Quarter 1 is currently coming to an end, but you can see that the price of Bitcoin is constantly going down.

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Besides Bitcoin, if you check the charts of any other high potential coin, you can see that the prices of these coins are now lower than they were a year ago. That is, we can say that the price of each coin is currently in the yearly low. Seeing these things, many people think that Donald Trump may be bringing the market down like this. But here I will show you some things through which you will understand that Donald Trump is not bringing the market down, on the contrary, Trump himself is in loss.

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If you come to ARKHAM intelligence and check Donald Trump's portfolio, then you can see here that there has been a big downfall in his portfolio. And the amount of this downfall is 11 million dollars. I mean, just think about it, why would a person bring down the market after losing 11 million dollars. Although Donald Trump's net worth is much bigger, 11 million dollars is not a small amount.

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Then if you check Donald Trump's World Liberty Finance portfolio, you will see it here too. It shows a terrible loss. The amount of which is 27 million dollars, you can understand how much loss this man is in. If you think logically where Donald Trump is very positive about crypto, he has created a Bitcoin reserve for America and he himself always says "don't sell your Bitcoin" then how can he exit the market with such a huge amount of loss. That means he will recover 100 percent of the losses he has currently. And to recover, the market must go up. So you can understand that not only my or your portfolio is down, Donald Trump's own portfolio is down by about 40%-50%. Since Donald Trump is currently still in the market and he is not selling a single coin, then why would you sell and exit the market. That's why you should hold on for a while. Hopefully, when a good movement occurs in the market, all your losses will be recovered.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.

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Upvoted! Thank you for supporting witness @jswit.

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It is a great article of Is Donald Trump a curse for the crypto market?

Thank you.

I agree with you that in the current situation the Donald Trump is not good for the diplomatic but it is not specifically only about crypto instead he is making things difficult in the US through the policies that he is trying to force on other countries.