1. Trump's "Black History of Bitcoin": From Criticism to True Love
2021: Bitcoin is "air"
In June 2021, Trump harshly criticized Bitcoin in an interview with Fox News:
"Bitcoin is a scam with no intrinsic value, completely based on air!"
"If I were president, I would never allow Americans to use such a dangerous thing!"
At that time, Trump couldn't see Bitcoin in any positive light. Why? Because his traditional financial allies—bankers, oil tycoons—saw Bitcoin as a thorn in their side. Coupled with the fact that Bitcoin's price had just experienced a sharp decline, Trump's remarks undoubtedly splashed cold water on the market.
2022: The "true love party" quietly buying coins.
Cursing fiercely, yet the body is very honest. In November 2022, Trump launched his own NFT series—"Trump Digital Trading Cards." This set of NFTs features cartoon images of Trump, priced at $99, with an issuance of 45,000 cards. Guess what happened? They sold out on the first day, with total sales exceeding $4 million!
Interestingly, later media revealed that the Trump family may quietly hold Bitcoin. Although Trump himself did not admit it, his daughter Ivanka invested in a cryptocurrency company in 2021. This operation, to put it in Chinese terms, is: "Saying no with the mouth, but the body is very honest."
2024: Bitcoin is a "strategic asset"
By 2024, Trump's attitude towards Bitcoin made a 180-degree turn. In an interview, he boldly stated:
"Bitcoin is the currency of the future, and the U.S. must take the lead!"
"If I can return to the White House, I will definitely make America a superpower in cryptocurrency!"
This wave of "true love" operations left the entire crypto circle stunned. Some joked: "Trump's love for Bitcoin is like his love for tweeting—often cursing, but essentially inseparable."
2. The double calculation of politics and money behind Trump's "face-changing"
1. Flattering young voters: Bitcoin is "politically correct"
Trump's supporters are primarily white males, but in recent years, young voters have been drifting away. Most Bitcoin enthusiasts are under 30, who hate traditional finance and advocate for liberalism. Trump's change of attitude is simply an attempt to win over this group of "digital natives."
2. The financial interest chain: the "driving force" behind the scenes.
Don't think Trump is "doing it for love"; he is backed by a huge cryptocurrency interest chain. According to The New York Times, the Trump family has close ties with several cryptocurrency companies, and his NFT project is managed by a cryptocurrency company. This operation not only made money but also gained attention, exemplifying "political business."
3. Suppressing opponents: giving the Biden administration a "hard time"
The Biden administration has taken a cautious stance on cryptocurrencies, repeatedly proposing to strengthen regulation. Trump took the opportunity to sing a different tune, highlighting his "rebellious" image while making it difficult for the Democrats. This wave of "political hijacking" was executed flawlessly.
3. What impact does Trump's "Bitcoin show" have on the market?
1. Short-term volatility: Twitter governance 2.0
Trump's influence on Twitter remains immense. In March 2024, he tweeted that "Bitcoin is the currency of the future," resulting in an 8% surge in Bitcoin's price within half an hour. But then he tweeted jokingly that "Bitcoin is too volatile," causing the price to quickly drop again. This kind of "Twitter governance 2.0" has left retail investors both loving and hating it.
2. Institutional entry: Traditional finance begins to "surrender"
Trump's statements gave institutional investors a reason to "get in the game." In the first quarter of 2024, traditional financial giants like BlackRock and Fidelity launched Bitcoin ETFs, with institutional holdings reaching a historical high. This indicates that Bitcoin is transitioning from a "marginal asset" to a "mainstream allocation."
3. Regulatory relaxation: America could become a "cryptocurrency holy land"
If Trump returns to the White House, the U.S. is likely to relax its regulation on cryptocurrencies. Several states have already proposed "Bitcoin-friendly legislation," such as allowing taxes to be paid in Bitcoin and establishing special economic zones for cryptocurrencies. This operation could make the U.S. a "new holy land" for global cryptocurrencies.
Four, how should ordinary investors respond?
1. Don't let the "political show" dictate your rhythm.
Trump's remarks are like the weather in June—changing at any moment. Praising Bitcoin as the "currency of the future" today might lead to another day of cursing it as a "scam." As ordinary investors, never let his "political show" dictate your rhythm; maintaining your own investment pace is key.
2. Pay attention to policy trends, but don't bet everything on them.
Trump's statements do indeed affect short-term market trends, but in the long run, the price of Bitcoin is still determined by supply and demand. You can pay attention to policy changes, but don't put all your bets on "Trump concept coins"—after all, his promises are more volatile than the price of Bitcoin.
3. Allocate Bitcoin, but don't go all in.
If you are optimistic about the long-term value of Bitcoin, you can allocate a portion of your spare money (it is recommended not to exceed 20% of your total assets). But definitely don't learn from Trump's "face-changing"—cursing Bitcoin as air today and praising it as a strategic asset tomorrow. Investment requires rationality, not performance.
4. Beware of "Trump concept coins"
A number of altcoins labeled as "Trump concept" have already appeared on the market, such as "Trump Coin" and "MAGA Coin." Most of these coins have no actual value and purely ride the coattails of popularity to exploit investors. Remember: in the crypto space, projects that ride the hype often die the fastest.
Five, let's be honest.
Trump's relationship with Bitcoin is like a pair of "frenemies"—cursing each other fiercely today, but tomorrow they are together making money. As ordinary investors, we don't need to take sides, nor do we need to be led by their "political show."
The essence of Bitcoin has never been about "Trump's support" or "Trump's opposition," but rather a decentralized means of value storage. Just as gold's value doesn’t change based on Trump's preferences, Bitcoin's future will ultimately depend on technology, ecology, and user consensus.
So, the next time Trump tweets praising or criticizing Bitcoin, why not brew a cup of tea and calmly watch the market—after all, in the crypto space, the most reliable investment is "not letting emotions be influenced by anyone, including the president."
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