On June 14, 2025, Trump will celebrate his 79th birthday. This political strongman, who once labeled Bitcoin a 'scam,' is now redefining the American financial landscape as the 'cryptocurrency president.' Amid the military band music of the Washington parade, the cryptocurrency market is undergoing an unprecedented political economic experiment — when power and capital dance together, is it an opportunity or a trap?
1. From 'Scam' to 'Strategic Reserve': Trump's 180-Degree Turn
In 2019, Trump openly stated on Twitter that Bitcoin was 'worthless' and even threatened to crack down on cryptocurrencies. But four years later, at the White House Cryptocurrency Summit, he declared his intention to make the U.S. a 'global Bitcoin superpower' and signed an executive order to establish a strategic Bitcoin reserve. Behind this shift is over $130 million in political donations to the cryptocurrency industry, alongside hundreds of millions in profits garnered by the Trump family through projects like 'Trump coin.'
Key Turning Point: On January 18, 2025, Trump launched 'Trump Coin' ($TRUMP) on the eve of his inauguration. This meme coin, which has no actual value, saw its market cap soar by 600% on the first day, briefly surpassing $10 billion. Although the price subsequently crashed by 80%, the Trump family, holding 80% of the tokens, made a profit of $350 million just from transaction fees. Ironically, the 'First Lady Coin' launched by Trump's wife Melania on the same day also saw its market cap exceed $6 billion within two hours.
2. The 'Trump Effect' on the Cryptocurrency Market: Resonance of Policy and Capital
Trump's policy shift directly fueled the cryptocurrency market's carnival. In March 2025, he announced the inclusion of Bitcoin, Ethereum, and others into the national reserve framework, causing Bitcoin's price to soar by over $300 billion in a single day, breaking the $95,000 mark. On his inauguration day, Bitcoin's price even touched a historic high of $109,000. This 'policy market' phenomenon has made cryptocurrencies a tool for Trump to consolidate political capital.
Deeper Strategic Intent: Trump aims to reinforce dollar hegemony through cryptocurrency. Data shows that 95% of stablecoins are pegged to the dollar, and 80% of stablecoin reserves are directed toward U.S. Treasury bonds. This 'dollar-stablecoin-cryptocurrency' cycle is reshaping the global financial system. As Trump stated at the Bitcoin conference: 'Bitcoin will not threaten the dollar; rather, it will strengthen America's financial dominance.'
3. Controversies and Risks: The Hidden Reefs Behind the Carnival
Despite the market's frenzy, Trump's cryptocurrency empire has turbulent undercurrents. The highly concentrated holding structure of 'Trump Coin' (80% held by affiliated companies) has raised questions about market manipulation, while the risk of foreign powers influencing U.S. policy through token purchases cannot be ignored. More seriously, ordinary investors have become the biggest losers — over 760,000 wallets suffered losses from the crash of 'Trump Coin,' while the top 58 large buyers profited over $5.2 billion.
Regulatory Dilemma: After Trump fired SEC Chairman Gensler, U.S. cryptocurrency regulation fell into chaos. Although he promised to establish a 'transparent framework,' erratic policies have led to severe market volatility. For instance, in March 2025, Bitcoin plummeted by 9% due to vague policy details, resulting in a market value evaporation of hundreds of billions.
4. The 'Crypto Gift' on Birthday: The Parade and Market Game
On Trump's birthday, Washington will hold its first large-scale parade in over 30 years, with a unique spectacle of tank formations and drone patrols. This political symbol creates subtle interactions with the cryptocurrency market: on one hand, the parade showcases Trump's strong image, potentially boosting investor confidence; on the other hand, concerns about policy uncertainty continue to brew.
Signals Worth Noting: On June 13, the Trump Media Group completed the registration for a Bitcoin treasury transaction, planning to make Bitcoin the core of asset allocation. This move may spark a new round of speculation in the market regarding 'Trump-associated' crypto assets on his birthday. Meanwhile, Bitcoin's price has been fluctuating around $100,000 recently; if it breaks through key resistance levels, it may initiate a new upward cycle.
Conclusion: The Future of Cryptocurrency in Power Games
Trump's cryptocurrency experiment is essentially a conspiracy of power and capital. Through deregulation, personal token issuance, and family investments, he has constructed an unprecedented 'crypto dynasty.' For investors, this represents both an opportunity — as the U.S. may become a global cryptocurrency hub — and a risk — as policy reversals and market manipulation could lead to the instantaneous destruction of wealth.
At this controversial birthday juncture, the cryptocurrency market stands at a historical crossroads. As Trump reviews the military at the parade, crypto investors are also reviewing their wallets: should they follow the footsteps of power or be wary of 'Trump coin' traps? The answer may lie in the K-line chart of Bitcoin, and even more so in humanity's eternal pursuit of wealth.
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