The Trump administration has proven to be a huge boon for crypto, both directly and indirectly. Under Trump, the U.S. government has committed to a less punitive regulatory stance toward the industry, dropping multiple lawsuits and even establishing a Bitcoin strategic reserve, which gives the asset more legitimacy. That said, Trump's unpredictable economic policy may be an even bigger advantage.
Morningstar suggests that Trump's pressure on the Federal Reserve, along with constant tariff threats, could be making international investors skeptical about holding the dollar. When the dollar weakens, Bitcoin's value may go up.
