When Trump returned to the presidency, crypto fans, investors and big time holders all rejoiced and it's because of his promises of being a pro crypto president. Needless to say, crypto didn't need a president though.
But if we assess what he has done in the past over one year, you get mixed results. He signed that GENIUS Act which was supposedly going to legitimise digital currencies. He also created a bitcoin reserve at the national level. To add to all those changes, they had a bunch of people involved who either claim to know the industry or actually do know the industry.
At one point last year, the price of a bitcoin was $126k. Whoever cashed out then got a lot of money but you can't say for sure because Bitcoin just jump at any point.
But unfortunately everything did crash hard. There was all the tariff drama from China which caused some massive chaos in the market,l and on top of that, so many people were borrowing money to invest in the coins. The way in which it crashed was insane. I mean it was really truly brutal. Prices collapsed and regular investors who didn't invest large amounts of capital lost a lot of money.
The trade off is that Trump made crypto more official, that is definitely good. There are rules and there are processes that are defined legally now. But being more official does not mean that it is more secure. Perhaps this is part of the confusion, since now that the government has stepped into the game it has become less risky. It is not less risky at all.
You can tell the market still behaves as it chooses to. One week you are up, the next week you are down. I can't really say whether the new laws are providing any actual protection to the everyday investors. Volatility continues and there is large risk in the market.
Yes, crypto now has a seat at the table, but it's a very shaky table and the majority of the people at the tables have no idea how easily they can fall off.
