The article discusses the impact of Trump's presidency on the cryptocurrency market, particularly during his first 100 days in office. Despite his pro-crypto promises, the market suffered due to his trade war policies and tariffs, which led to price volatility and increased costs for Bitcoin miners. Trump's approval rating also declined during this period.
Some key points mentioned in the article include:
- Trump's trade war policies and tariffs have had a negative impact on the crypto market.
- The crypto market experienced a bull rally during Trump's campaign due to his optimism about the industry.
- Trump signed an order creating a "Strategic Bitcoin Reserve," but it was not as exciting as expected.
- Trump's pro-crypto strategies have been overshadowed by his tariffs.
- Michelle Obama expressed concerns about Trump's deportation policies and their impact on immigrants, rather than the economy or markets.
The article also mentions that crypto regulations are expected to come soon, and that Trump's policies have led to increased costs for crypto miners and uncertainty in the market.
