The Bitcoin Trump Bump is still kicking! (yikes)

People often say that the "Trump Bump" was just a myth, or that it never happened, or maybe it’s already faded away. Let’s remember, we’re discussing the 2024 US elections where the crypto world poured hundreds of millions into campaign donations to get some sweet rules for Bitcoin in return. They even hinted that US taxpayers might end up boosting the Bitcoin market by the government buying it directly. This is what they labeled as the "Trump Bump" affecting Bitcoin's price. But I’ve got a different take: the Trump Bump is indeed a thing, and we’re still feeling its impact, which is probably why Bitcoin's only down about 50% at this point. Just recently, Trump’s son mentioned Bitcoin could hit $1 million. The president himself, who’s arguably the most corrupt and self-serving in US history, has billions in Bitcoin and is committed to supporting its price however possible. A bunch of Trump’s staff (the so-called "Republicans" in the US) are pushing for various ways to use taxpayer money to keep Bitcoin's price propped up. However, politics can be unpredictable. There’s always a chance that voters turn against their leaders, wanting the new administration to undo everything the last one did. So, if Trump loses popularity (like if the stock market crashes and people get angry), folks might rally for a new government to reject the prior administration's stance, and given the crypto campaign spending in 2024, Bitcoin and crypto in general might face widespread backlash.

I read through your write up and I agree with some points and first is the impact of the US government however what I don't agree with is claims of a supportive impact simply because the orchestrated bull in the first place was a warning sign to the opposite momentum. This is the bull with one of the highest price range and fluctuations because fundamentals has a strong hold and I'm of the opinion that hold wil continue to grow and get stronger as the government stylishly hold more and more bitcoins. Yeah adoption is good but at what cost?

LOL I'll counter with the fact that bitcoin is down by 50% exactly because of Trump and his tariff tweets and insider trading. I'd like to remind you that the first large dump a few months ago happened because Trump decided to tweet about imposing tariffs on the weekend, while bitcoin market was the only one trading and liquidity was low. That broke the uptrend and made people believe the bull market is at its end.

I agree that Trump does/says a lot of stupid things that hurt the USA, and that translates to Bitcoin going down along with the rest of the market. But... This is what the price looks like when the US leader is at least trying (and personally financially incentivized) to prop UP the price. Imagine if the US leadership was actively against its price? In other words, imagine a President Warren Buffet, who called Bitcoin "financial rat poison" and made investing in it uncool, and also by implication released any hope of Bitcoin being propped up by US taxpayers. Or even imagine that the next US president has a more libertarian "hands off" approach to US markets, telling people it's uncool for a government to prop up any particular investment decision and being completely neutral toward Bitcoin. That would remove a huge pillar of Bitcoin price support. There are probably millions of Bitcoin investors right now who are convinced that Bitcoin cannot go down very much in price because the US government will bail them out*. This puts a lower bound on the market no matter what damage Trump does to the US economy. (* "Bitcoin is the first decentralized cryptocurrence. Based on a free-market ideology, bitcoin was invented in 2008 when..." -- Wikipedia....  ).

Trump was actively against Bitcoin in his first term. He made a series of tweets calling Bitcoin a thing for criminals. Those tweets are still up to this day; if you search for them, you will see them. Bitcoin at that time did not go to hell, and it did not crash lower than what it is now. I agree with what Coolcoinz said that the tariff wars and policies are part of the reason the bitcoin market is like this. A more stable geopolitical scene would be better for Bitcoin. So while I agree that Trump winning the election played a role in Bitcoin price pumping at that time, it is also true that his unstable foreign and domestic policies and illiberalism are part of the reason why the price is down by 50%. It wouldn't have been this bad if it were not for him.

I’m not convinced the price action can be reduced to a political narrative. Liquidity cycles, ETF flows, macro conditions and rate expectations probably have a bigger structural impact than election dynamics alone. Political alignment may influence sentiment short term but long term BTC tends to follow liquidity and monetary policy expansion. Attributing a 50% drawdown purely to a ‘Trump bump’ or its persistence seems overly simplified.

That was all before Trump himself bought $billions in Bitcoin and made himself his own crypto company (he probably thought to himself, "a thing for criminals? hey wait a minute that's me!"  ). To this day Trump and his party are talking about a "Bitcoin bailout" and proposing serious legislation that would force US taxpayers to pay for the bailout. I agree that he has also done things to make the price go down, but my point is that it could go down a lot more if this support were to go away. I agree that a stable market without Trump would have been better for Bitcoin's price in the long run. Before the 2024 elections I was fond of pointing out that Bitcoin went up 500% under president Biden. Miss him yet?

That’s a fair question. Crypto narratives often attach themselves to political or cultural movements and when those lose popularity, sentiment can flip fast. I agree that we haven’t seen a full narrative reversal yet but markets usually front-run political shifts so the impact might show up long before voters actually change direction. I’m not fully convinced. Bitcoin has outlived multiple political cycles and its long-term trends still seem more driven by liquidity and protocol cycles than by any single politician.

I agree it's partially driven by those other things, but we've never before had a cycle like the current cycle. In 2024 the crypto industry was the single largest donor to the US elections, even bigger than the oil companies, Big Pharma, and so on. That never happened before. Then there's Trump himself, who ran as a staunchly pro-crypto, pro-Bitcoin candidate who even owns hundreds of millions of dollars worth of Bitcoin himself personally. And Trump is arguably the most powerful US president in history, the one who simply ignores the US constitution (including the recent Supreme Court decision, wherein he threatened the families of the justices when they went against him) and his voters don't care at all. I don't think you can call that, "a single politician" .

Those who make the claim seem not to be aware of the impact tariff increase in every market setting, and since Bitcoin trades against the US dollar, there's no way the dump won't be real. I believe the President's team understands that the only way to win the election and garner more support from the people is through the acknowledgement of an innovative currency (Bitcoin), which manages to create a special bond between people worldwide, regardless of skin color, ethnicity, and geographical boundaries. Yes, his statement does trigger the dump, but what makes the tariff plan tweet more effective is that he (Trump) made the statement after he sold a lot of Bitcoin and following the Binance follow the same thing, so a huge sellof trigger the fud of the bull market was over when he posted the tweet

His entire networth is around $6-$7 billion and I doubt if the pedophile has any actual investment in bitcoin let alone have "billions" in it. It was fake to begin with and it still is fake if you ask me. The only reason why price went up was because the inflation was on the rise while recession went under control. That gave investors some confidence to put their money into riskier assets like bitcoin. With the wars pedophile POTUS has started ever since he was installed in the office, that confidence has slowly but surely gone away. With recession getting worse and with unstable decisions announced on twitter, each contradicting the next, that confidence is completely gone. With recession getting worse, people tend to liquidate their "risky assets" and move to safer ones like gold which has been soaring like crazy recently. There is not much difference between the options Americans are being forced to choose between. There needs to be a regime change in the US if they want real change. Otherwise whether they choose this pedophile or the other senile pedophile, things will remain the same and on the same downward spiral trajectory as the empire continues its collapse.

Lmao! What a load of crap. The Trump bump was definitely real initially when BTC skyrocketed to the moon beyond 100 grand, but it pretty quickly disappeared after he openly stopped supporting crypto due to which major crypto communities(Crypto reddit etc) diss him regularly. Also, that orange clown dumdum is only still popular among his own supporters(Republicans) while the rest of the world hates him. His overall approval rating is way down similar to his first term. Get your facts right before making these silly statements.

Price will not largely depend on the Trump dump or bump. It does affect the price, sure, but the overall factors would take their toll too, and they would be much more lasting than those that we would see when the office will change..

Trump in fact owns over $1 billion in Bitcoin: https://www.forbes.com/sites/danalexander/2025/10/10/trump-is-now-one-of-americas-biggest-bitcoin-investors/ I find it hard to believe that the crypto industry poured hundreds of millions into the US elections in 2024 and didn't expect a return on their investment... No doubt lots of factors, including many things directly caused by Trump, are bringing the price of Bitcoin down. But he and his family are still pumping it very hard. His son recently said that Bitcoin would go to $1 million soon, etc. My point is that support from the US president could go away and then Bitcoin would drop a lot more than it already has. See above, Trump is in the crypto business, and he has over $1 billion in Bitcoin himself, has his own meme coin, and a crypto brokerage business. And yes, his "approval rating" is down, but that doesn't matter because (see poster above) lots of people hate the other side even more. Trump doesn't care if you love him, only that you vote for him and not the other side .

The point I was trying to make is that even if Trump didn't have "support" for Bitcoin, it wouldn't have fallen more than it already has. There is no point claiming to be in support of something and then making policies and statements that directly hurt that same thing. If he had been against Bitcoin, the price would have been exactly where it is now as long as he keeps destabilising everything. I mentioned 2019 because as of then he was president and spoke openly against Bitcoin, it doesn't matter if he didn't have Bitcoin then or not. He was openly aainst Bitcoin yet bitcoin was still fine. If he was against Bitcoin now, Bitcoin would still be fine.

It is incredible that even today there are those who still believe that the fate of Bitcoin depends on a man who doesn't even know how to define it and who turned the world upside down for his own greed. His popularity is so low that it is one of the lowest in history, and most of those who voted for him are now wondering why they did it. Bitcoin does not depend on any president, people who think so are living in a very big delusion.

So you really don't think the US president doing everything he can, even illegal things, to pump Bitcoin doesn't have a positive impact on the price? The most corrupt president in US history who has over $1 billion of his own and is well known for prioritizing his own interests above all else... can't positively affect the price of Bitcoin? Really? You should certainly tell that to the crypto industry who poured hundreds of millions into his campaign in 2024, because they though differently at least ...

Bitcoin is not the only investment Donald Trump has. He and his business and political associates have interests in equity trading, oil and gas, construction, and many other areas. He needs to keep imposing tariffs on countries to enable his associates benefit from inside trading. He needs to take charge of Venezuelan oil to benefit his people. Some of these policies also hurt the price of Bitcoin. I don't think that Trump is focusing only on Bitcoin because it is not only the crypto industry that supported him during the elections. Other industry players contributed and their interest sometime will conflict with the crypto industry. Donald Trump knows what to do if he wants the Bitcoin price to rise. Let him announce that the US has started buying Bitcoin for its reserve. However, I still need to state that Bitcoin is immune to long-term political influence. In less than three years he would leave office and Bitcoin would still exist.

$2 billion was the total investment by TMTG and the pervert owns 41% share which means $820 million. Considering the price drop compared to the time of purchase that 41% share is now worth roughly $400 million. Neither of these can be referred to as "billions in bitcoin". And that's assuming the article is correct and TMTG actually bought bitcoin! Their investment was in what went on behind the scenes not in the price. You are forgetting that most of the "crypto industry" doesn't make money from bitcoin price going up. They make money from the various services they provide to their customers. What kind of "pump" is it that the price keeps going down? Did they install the pump upside down?

I don't think it is the only reason of 50% dump because bro every single time, there is something that comes up naturally but somehow it all seems pre-planned like our luck, or fortune or destiny. That this is supposed to happen and it is supposed to happen at the right time too. It is a bear market, and he did something that could start the bear market and has already started too. That's why bitcoin has dumped by the way some say and I also believe that bitcoin, when it dumps more than 70%, only then we are in a true bear market but it has not dumped by 50% yet so there is still room for bigger dumps. Again, it is not the only factor, but it is supposed to happen, but the reasons is not the same every time.