Bitcoin setback: Trump's promise disappoints investors!

Bitcoin setback: Trump's promise disappoints investors!

Amid a market environment riddled with uncertainty, Bitcoin saw a dramatic decline on Monday. The oldest and best-known digital currency fell to around $78,700 on the Bitstamp platform - a value closer to its lows since November 2024 than to its recent highs of over $107,000. The reasons for this decline are complex, particularly concerns about current US tariff policies and the possibility of a recession under President Donald Trump, which experts say could threaten the growth of the world's largest economy, such as oe24 reported.

Bitcoin had previously benefited from more bullish sentiment triggered by Trump's announcement about strategic cryptocurrency reserves. However, market analyst Timo Emden from Emden Research emphasized that the recent price gains quickly turned out to be a “flash in the pan”. Investors must recognize that ultimately they cannot derive substantial value from mere words, while the euphoria over Trump's positive comments has now given way to sober consideration. Trump had also mentioned smaller cryptocurrencies such as XRP, SOL and ADA as part of the reserve in his posts on the Truth Social platform and even spoke out in favor of Bitcoin and Ethereum, but the question remains as to his motives World reported.

Market reactions show that investors are becoming increasingly skeptical of the Trump administration's announced crypto-friendly policies. There are many indications that the announcements are more theatrical than substantial progress. This is fueling concerns that Bitcoin and other cryptocurrencies are in short-term speculative trading rather than being considered stable investments.