Since his rise on January 20, President Trump has become one of the biggest nightmares for stock and cryptocurrency investors. His aggressive policies, especially in trade, have caused huge volatility in the markets. Both the S&P 500 and Bitcoin have experienced a highly negative reaction since his inauguration.
In the case of the largest cryptocurrency, it experiences an approximate -7% despite numerous positive decisions. For example, Trump abruptly halted the war against innovation by the SEC and canceled numerous lawsuits against companies in the sector.
Other noteworthy policies include the nomination of Bitcoin-friendly figures to high positions in his administration. As if this were not enough, he stated that the last Bitcoin would be mined in the U.S. since the country would gather the vast majority of the hash power of that blockchain internally. Likewise, Trump signed an executive order that makes Bitcoin a strategic reserve of the nation.
