The first 100 days of Donald Trump after returning to office as President of the United States elicited various reactions in global markets, including the crypto market. His leadership, characterized by nationalist rhetoric and an unconventional policy approach, resulted in volatility and uncertainty in the digital finance sector.

One of the main impacts was the increased geopolitical and economic uncertainty that led investors to seek alternative hedge assets. Bitcoin and other crypto assets experienced a rise as they were seen as a safe haven amidst dollar uncertainty and potential inflation due to Trump’s aggressive fiscal policies, including plans for tax cuts and massive military spending.

However, on the other hand, Trump’s conservative regulatory approach also opened up the potential for tighter oversight of crypto exchanges and stablecoins, especially if they were seen as threatening the dominance of the dollar. Issues regarding the sovereignty of digital economies and the potential banning of foreign CBDCs also came to the forefront.

Overall, the first 100 days of Trump’s return to office brought a dual impact for crypto: increased interest as a hedge asset, but also threats to its ecosystem through policies that are not innovation-friendly. The future of crypto under Trump will depend on how he balances a protectionist agenda with the realities of the global digital economy.