Former U.S. President Donald Trump recently stated that the cryptocurrency market has shown greater resilience compared to the stock market during the last financial downturn. He characterized the crypto sector as 'very popular' and 'very hot,' highlighting its strong positions amid market volatility.
This statement aligns with recent market movements: despite a sharp decline in U.S. stocks triggered by Trump's announcement of significant tariffs, cryptocurrencies like Bitcoin have demonstrated relative strength. For instance, Bitcoin slightly rebounded, gaining about 1% and reaching approximately $83,961, while major stock indices — Dow Jones and S&P 500 — experienced their most significant two-day losses in recent years. Experts noted that while Bitcoin still reacts to macroeconomic factors such as interest rates and a strengthening dollar, it has begun to slightly decouple from traditional stocks, indicating growth in maturity and potential as a distinct asset class.
Amplifying the positive momentum in the crypto market, Trump recently announced plans for a government-backed 'Cryptocurrency Strategic Reserve,' which will include major digital assets like Bitcoin, Ethereum, XRP, Solana, and Cardano. This announcement triggered significant price increases for the mentioned cryptocurrencies — some rose by 8% to 62% during trading after the news. The initiative signals an unprecedented level of official support and may further bolster confidence in digital currencies.
Overall, Trump's statements and his political moves have breathed new enthusiasm into the crypto sector, positioning it as a potentially more resilient and popular alternative to traditional stock markets during times of economic uncertainty.
