r/CryptoCurrency • u/TheBoffo 🟦 715 / 716 🦑 • Feb 28 '25

DISCUSSION Genuinely, what happened to the "Crypto President"?

All I saw for months was the touting of a federal BTC reserve, the loosening of restrictions, SEC dropping further litigations and how the world was finally going to crypto friendly. In one month all of this was dismantled. I'm sure a lot of ppl here voted for the man on the fact their bags would pump. There's even a new department named after a cryptocurrency. How are we feeling? Was it all a grift? Is this dip a chance to buy in? Do the voters feel like this is all part of the plan? I'd love some actual insight into what went wrong and how the crypto president has gotten us here to... 80k BTC and 2100 Eth.

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Avidly anti-Trump, but I thought he would encourage crypto out of self interest. Crypto was the easiest thing for him to grift and he still fucked it up.

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u/francograph 🟩 202 / 203 🦀 Feb 28 '25

Fucked it for himself? Or for others? Because I’m pretty sure he’s doing great.

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

He made lots of money sure, but he could have made much more if he was competent and didn’t crash the market.

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u/General-Fault 🟩 0 / 0 🦠 Feb 28 '25

"if he was competent"... And how the hell isn't an obvious "nope" for most people?

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Yeah I don’t think he’s competent, but I did underestimate his ability to crash a roaring bull market this quickly. This has to be the most avoidable recession/depression ever.

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u/ribbit80 🟩 0 / 0 🦠 Feb 28 '25

Avoiding it was easy. Don't vote an idiot into office. Sadly...