The front page of the Wall Street Journal on 04/06/2025 features an article titled 'Bitcoin Goes All In on MAGA, Shedding Its Libertarian Slant', emphasizing that the Bitcoin community in the USA is shifting to support the MAGA (Make America Great Again) movement of former President Trump, rather than maintaining a traditional libertarian, non-government stance. This article analyzes the message of the report, the political context, and its implications for the cryptocurrency market, especially as the current Bitcoin price reaches $110,000 (according to Binance, on 04/06/2025).
Message from the Wall Street Journal
The article on #Wallstreetjournal suggests that the Bitcoin community is abandoning the 'non-government' ideal to collaborate with political groups like MAGA. The front-page position, which is very expensive, indicates a deliberate push to reshape the perception of Bitcoin. Instead of old criticisms like calling Bitcoin a scam or a waste of energy, the article targets the division within the Bitcoin community, alleging that supporting MAGA undermines the liberal essence of cryptocurrency.
However, the reality is that the Bitcoin community has always been flexible, ready to collaborate with various parties – from individuals and businesses to the government – to promote the adoption and development of Bitcoin. This collaboration does not mean abandoning libertarian ideals, but rather a pragmatic strategy to bring Bitcoin into the mainstream financial system, especially in the context of increasingly strict legal frameworks in the USA.
Political context and MAGA
The #MAGA movement, associated with Trump, has recently actively supported cryptocurrency. Trump Media & Technology Group has announced projects such as the Truth Social Bitcoin ETF and a Bitcoin treasury worth $2.4 billion, demonstrating a strong commitment to crypto. This support aligns with the trend of reduced regulation in the USA, facilitating the development of blockchain projects.
The Bitcoin community does not necessarily 'shake hands' with MAGA to abandon its ideals, but is leveraging political opportunities to promote asset ownership and financial freedom. For example, DeFi projects on the BNB Chain are benefiting from a more open legal environment, providing opportunities for investors in markets like the USA and Japan. Collaboration with the government could help Bitcoin gain wider recognition, thereby increasing liquidity and value.
Impact on the crypto market
The Wall Street Journal article highlights the shift in how the Bitcoin community interacts with politics, but also shows the growth potential of the crypto market. Collaborating with forces like MAGA could promote crypto-friendly policies, facilitating the development of Web3 and DeFi projects. However, division within the community and political controversies could cause short-term volatility.
With the current Bitcoin price (>100,000), the crypto market is in a strong development phase, but investors need to be cautious of legal and political factors. The emergence of Bitcoin ETF funds and projects like Truth.Fi indicates that the USA is gradually integrating crypto into the financial system, opening up long-term opportunities.
Suggestions for investors
Monitor policies in the USA: Crypto-friendly policies, such as the CLARITY Act, could promote the growth of Bitcoin and blockchain projects.
Invest in transparent projects: Projects on the BNB Chain or Ethereum with Layer 2 technology offer long-term potential.
Political risk assessment: The affiliation with movements like MAGA can influence market perception and pricing.
Risk warning: Investing in cryptocurrency carries high risks due to strong price volatility. #anhbacong
