Trump is inaugurated, what does this mean for Bitcoin?

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mr_vectorMember
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#1Nov 12, 2023, 09:17 AM
We've all been speculating about Bitcoin's price in relation to Trump's inauguration. There's been a lot of chatter that his presidency could spark a bull run for Bitcoin, especially since he hinted at using it as a strategic reserve for the US. But then he shocked everyone by launching his own memecoin right before taking office, which drove prices up briefly before they fell again. Now that he's officially in, will he still support Bitcoin as a strategic reserve like we thought, or is he just gonna focus on promoting his $Trump memecoin instead? What’s your take on how Trump’s inauguration might affect Bitcoin?
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yield_hawkSenior Member
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#2Nov 12, 2023, 02:11 PM
We did reach a new all time high at $109k, but for many, this is not the price that they are expecting as they could be seeing like $120k during his inauguration. Although it looks like a messed as we have seen his own meme coin and even the wife itself has her own version of it. That's why the price seems to go on a lot of ups and downs. But the investors seems to be still on Bitcoin again they were able to push it to another all time high at least during the 20th-21th. He had sign a lot of executive orders already, but I don't see if there is something about the Bitcoin reserved or crypto in general. Maybe if he will make a move in the next coming days, we might see the price going into another set of FOMO to $120k. But from now, it's going to be a wait and see game.
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defi_2017Senior Member
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#3Nov 12, 2023, 03:57 PM
More or less the same as before. The price is near record highs despite him not signing an executive order to start buying bitcoin as rumored. Mind you, the moment something like this happens, that steps are taken to set up an SBR in the USA, or it is approved in one of the states that have been proposed, I expect a green candle that will drive the price up tens of thousands of dollars in a short time.
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WildChadFull Member
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#4Nov 12, 2023, 07:20 PM
The memecoin launched by Trump before his inauguration was just for fun because not only he launched it before the inauguration but Donald Trump’s wife also launched her personal memecoin at that time so it should not be seen as a long term project because it was just for fun for a while. But when I saw the Bitcoin price drop from $109K to $100K in the last two days, it might be because there was no mention of Bitcoin in Trump's speech when he was inaugurated. So I also don't know whether Trump will really use Bitcoin as a reserve asset for the US government this year or he might start it completely next year.
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max.wizardFull Member
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#5Nov 14, 2023, 10:32 AM
Agreed. We are just keeping the sentiment rolling, but when the real action will start, we will see it immediately, in my opinion. The biggest fireworks haven't been lit yet.
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john.gweiFull Member
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#6Nov 14, 2023, 04:06 PM
I have been wanting to ask this simple question due to how majority of the people are simply getting carried away by this trump-effect on bitcoin price. Is the future of bitcoin now tied to trump or what? Cause you all be making this whole scenario and talk on US reserve appear as though bitcoin is a centralized cryptocurrency under Trump's control when it is not. The whole presidential election and the outcome including the talk on US bitcoin reserve proposal by Trump is similar to every other past market  news and events that have effected a bull run on bitcoin price in the past and in same vein I am believing that this whole Trump thing would soon be a thing of the past too and bitcoin would continue to have his way as always. So, no sweating.
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max.wizardFull Member
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#7Nov 14, 2023, 09:03 PM
Nope, Trump is not the future of BTC, but he is the sentiment builder for the upcoming run. It's his ability to sway people's minds and make it happen earlier or sooner.   He doesn't control Bitcoin or the market, but he controls the minds of the people.
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t0m2020Senior Member
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#8Nov 15, 2023, 12:29 AM
Yeah, so where's that executive order for a Bitcoin reserve all them people were stumbling over each other to proclaim? That's now at least a score of shitcoins/nfts/whatevers that this guy is responsible for, and there are still plenty of people happy to lap it up. Let's just get over this price discovery hump, and then buckle in for the long winter.
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boss23Full Member
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#9Nov 17, 2023, 05:30 AM
Obviously it's not, but as you can see, him winning the election did something good in the market would you agree? We have seen a new all time high after him winning the election. And that's what this market is, base on news, like the CPI in the US, or the war in Europe that really affect us. So as much as we thought that it has nothing to do with the market, for me, the geo politics around us as somewhat have domino effects. That's what I'm trying to say, 2017, it was all about the CME and CBoE if you will remember, or institutions getting into the market. In 2021, it was the pandemic, as many wealthy started to see Bitcoin as a hedge and store of value, so they put their money on it. Now in 2025, it was all the Strategic Bitcoin reserve not just by the US, but many countries around the world.
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eric23Senior Member
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#10Nov 17, 2023, 07:49 AM
the reality has been that speculation and anticipation of bulls have always revolved around what is popular about the time and whatever looks like what could be responsible for the bull seams to get a lot of attention almost above the normal economic condition that continues to play it own role in bitcoin price movement. same way the anticipation grew in the leading to the bitcoin halving to the point that even though before the halving, bitcoin actually saw a new ATH, that did not look satisfying enough as people where still hoping that after the halving, bitcoin was going really high. when the bitcoin halving came and went, the question on what next after the halving was asked and then we have witnessed another event that has come and gone. one good thing is that bitcoin has continued to climb higher on a very regular tune. from the point we are in and what we are hoping to see in this year, if we expect bitcoin to get to even $200K, it will certainly be possible even if the united state ends up not using it as her reserved currency. there is still a lot of possibilities to look out for as long as we consider trumps effect on bitcoin. even if the new coin lunched seems to have drawn some attention, there is still a lot of positives, and an implementation of certain policy can just be what will lead us to another heavy bull. the administration just started, and anything is completely possible along the line.
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im_apeHero Member
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#11Nov 18, 2023, 06:30 AM
Trump's inauguration has absolutely no effect on bitcoin price because it has no reason to. The "news" of his win in the election already had its effect, there is no reason to see the same effect again. It was a temporary hype that slightly helped the rise. Now in the future if Trump makes any "new" decisions about Bitcoin, whether positive or negative, the news of it will affect the price once again positively or negatively depending on that decision. But that's about it...
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sigma07Senior Member
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#12Nov 20, 2023, 03:26 PM
Let's see, did he promised the release of Ross Ulbricht? then, if he did he's about to get freed so it means that he's standing by his words. And if it's about the Bitcoin reserve strategy, we can hope for on it but let's not expect too much from everything he's said. From the time that he's won, there's a lot of help already that event to make Bitcoin move to another high. And that's why if ever there is something next to tune in for, we have to be patience but don't expect everything will circulate on his name.
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orbit_rocketFull Member
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#13Nov 20, 2023, 06:15 PM
Don't rely on popular person especially those who work for government. I don't really expect anything from him, if he want to support Bitcoin, then it's good, but if he didn't, I will not be surprised. He has done good to pardon Ross, but he create his own meme token and his wife joined aren't expected, although he can do whatever he want. I wish he can intervene the EU to change the strict regulation about cryptocurrency which named MiCA.
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p1x3l365Senior Member
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#14Nov 20, 2023, 08:39 PM
The community anticipations on Trump over bitcoin isn't layed on his inauguration as the the US president that's to warrant an immediate effect of the market to bitcoin price increases. Yes, Trump has layed series of promises that's to bring greater values and enhances its utilities but hasn't been said it'd been during or just immediately after the conclusion of his inauguration. So I'd say we should give it a time to conclude if he was going to have all those perspectives speculated on bitcoin towards his $trump. However, bitcoin price has also done some marvelous markets activities at the day dated 20 January 2025 which marked the anticipating inauguration where then we counted an Ath of $109,036 in bitcoin history. I think the market manipulation on that remarkable day was for the inaugural ceremony to perform a basic market hike and bear again but not the bull run.
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the_kingHero Member
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#15Nov 22, 2023, 01:59 PM
Trump is currently the hottest news and is one of the positive news for the development of crypto as a whole/internationally, in addition to Elon's excitement at the inauguration of US President Trump. It's no wonder that hundreds of crypto experts are currently speaking out, there are various kinds of speculation currently being developed in the media, of course we all hope that future crypto developments can improve in all aspects, I think Trump's power in the crypto world is very strong, it signals a very positive direction of speculation for crypto users and investors, it's unimaginable if some of the speculation from crypto experts actually happens, it's something extraordinary that will happen. We hope that Trump and Elon Musk as well as other crypto CEOs will continue to get along and be able to work together in the fields of technology and crypto, so that we will see new things happen to crypto, especially Bitcoin.
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gw3i_g4ngMember
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#16Nov 24, 2023, 06:48 PM
It all will crash down very soon, I'm in crypto for 10 years. I know what happens after euphoria, the climax. It will crash down very bad for 2-3 years.
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dave_byteFull Member
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#17Nov 24, 2023, 11:36 PM
I think Trump who has been officially inaugurated will stick to his stance on the use of Bitcoin. Regarding $Trump, it will only be a meme coin and nothing more. If the US creates its own coin, it is still possible for unexpected things to happen. But with the $Trump meme coin, I don't think there is much hope that it can happen. Let's just wait and see how Trump will act on the rules and policies related to the use of Bitcoin in the US. If everything goes according to plan, maybe the situation will actually bring the price of Bitcoin up quite high.
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real_pixelSenior Member
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#18Nov 25, 2023, 01:30 AM
I haven't watched it entirely and just watched the market during his inauguration. I am optimistic about the quick reaction of the market but it seems that it's not what I was waiting for. Looking forward to the long term and greater impact of it and that's why this year for me is I am still bullish despite with all of the hype that he's making with the official memecoin that he has launch. There's even an interview that he's asked what he thinks about it. He simply answered "it's peanuts to them" pointing probably to biggies on his side.
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john.gweiFull Member
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#19Nov 25, 2023, 05:21 AM
It's agreeable that his emergency as winner in the just concluded election  did something not just good but awesome to bitcoin price and the crypto market entirely.  But all of these was possible due to his campaign promises which were bitcoin and cryptocurrency friendly against that of his major opponent in the election, Harris, whose camp had before then carried on actions and policies that were shown to be antagonistic to bitcoin progress. A situation that made Trump turned to be a messiah in the race attracting all bitcoin and cryptocurrency enthusiasts and Investors to him, so therefore it was rational that an ATH could have been reached since all of these activities and events coincided with the bitcoin bull run circle because bitcoin as an asset has in the past shown to have a market upswing/price increase within any favourable situation and events. It's safe to say Trump is just one lucky man who found himself at the right place at the right time and was able to utilise the opportunity.
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maxstackFull Member
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#20Nov 25, 2023, 11:24 AM
I think most people had unrealistic expectations from the Trump Inauguration and due to this, it becomes a sell the news event. Post Trump's inauguration the bitcoin sentiments are still positive and it is expected that trump may announce the bitcoin reserve in a few days or weeks (maybe) and this is keeping the price not to dump. As long as Trump do not say anything bad about crypto or do not deny the possibility of bitcoin strategic reserves, we are good to go.
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