Practically everyone in the world of cryptocurrencies celebrated the second election of President Trump, an enthusiastic booster of the industry that has promised to transform the United States into “cryptographic capital of the planet”.
But now man nicknamed “The first president of Bitcoin” presides over a bitcoin accident.
Since Trump announced his world prices last week, the Bitcoin price dived 10%, lowering $ 78,000 on Sunday evening. In January, Bitcoin reached a record price of almost $ 110,000 the day Mr. Trump was inaugurated.
The rapid decline shows that Bitcoin, often presented as a stable long -term source of value, is still subject to the wider market gyps that has crushed since Mr. Trump announced large import taxes last week. Many investors treat Bitcoin like any other technological actions, a risky investment that is logical to sell in difficult times.
Since he won a second term, Trump has largely made his promises to help the cryptography industry. He appointed regulators who support Crypto and have signed an executive decree leading to the creation of Bitcoin storage.
At the same time, Mr. Trump also expanded his personal investments in the world of cryptography, marketing a so-called same to his supporters.
But the impact of its prices on the crypto market has led to a few discontent.
“The crypto is weird, but it is especially correlated with optimism and the appetite for risks,” said Haseeb Quresehi, a venture capital investor specializing in crypto, written on social networks Sunday. “This optimism collapses under the silence of Trump.”
