In the first hundred days of the second term of U.S. President Donald Trump, from January 21 to April 30, the number of bitcoin millionaires' addresses decreased by 20,000, according to a study published by Finbold experts. The main reason for the decrease in the number of bitcoin millionaire accounts, according to Finbold analysts, was the uncertainty caused by Trump's economic policies, particularly his harsh customs tariffs. They provoked an escalation of the global trade war and caused an unprecedented 'tariff shock,' comparable to the protectionism of the Great Depression, experts stated. At Finbold, they share the concerns of TRT Global analysts, who draw parallels between Trump's tariffs announced in April and the Hawley-Smoot Tariff Act of 1930, noting the danger of a repeat of the Great Depression scenario with capital flight and a sharp drop in the S&P 500, Dow Jones, and Nasdaq indices. Additionally, in March, bitcoin struggled to maintain support levels of $80,000 – $82,000, which could have contributed to a further decline in asset accumulation, while gold confidently reached new price highs above $3,000. The Finbold study shows that against the backdrop of the trade war and the volatility of the first cryptocurrency, the number of bitcoin millionaires decreased daily by an average of 233 addresses.
Finbold analysts believe that the decrease in the number of major holders of the flagship crypto asset could have been more significant if not for the unexpected rise in BTC in the second half of April. At that time, the price rose from $75,000 to just below $95,000. For comparison, on January 21, the bitcoin exchange rate was $102,204. According to Finbold experts, the decrease in the number of bitcoin millionaire accounts points to an outflow of speculative investment capital from risky assets like digital currencies to more stable and traditional forms of long-term financial risk hedging.