#Trump100Days

Here’s what was happening with cryptocurrencies during Trump’s early days:

1. It Was Still Not a Priority

In his first 100 days, Trump didn’t comment much publicly about Bitcoin or other cryptocurrencies. His team was more focused on immigration, taxes, and healthcare. Thus, cryptocurrencies went unnoticed for a while.

2. The Market Buzz Was Growing

Even though Trump wasn’t talking about it, the crypto world was heating up. Bitcoin was worth about $1,000 in January 2017 — and by the end of the year, it would rise to nearly $20,000. Investors and tech industry personnel were starting to take it seriously.

3. The US Government Was Watching Silently

Agencies like the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission) began to warn people about crypto scams and unregulated trading. They were not taking major actions yet, but they were paying attention.

4. Trump’s Appointees Were Cautious

Some of Trump’s appointees for key economic positions, like Treasury Secretary Steve Mnuchin, later adopted a more cautious view on crypto. They were concerned about crime, money laundering, and lack of oversight — but these opinions developed further during his presidency.