$BTC Yes, Donald Trump's influence on Bitcoin and cryptocurrencies generally causes short-term fluctuations. Particularly, his crypto-friendly statements or remarks supporting Bitcoin during his campaign can lead to temporary spikes in the market. However, in the long term, the price of Bitcoin is primarily determined by macroeconomic factors (FED policies, inflation, institutional investor interest) and the balance of supply and demand.

While Trump's pro-crypto stance becomes more apparent, especially during the election process, larger catalysts are needed for the market to enter a sustained bull trend. Therefore, the "Trump effect" typically creates a short-term price movement, but whether the long-term rise will continue depends on broader factors.