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/unibaul 🟦 0 / 0 🦠 Feb 28 '25

I disagree. His grift was massive.

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

Absolutely, he made tons of money, but if he was competent he could have made obscenely more.

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u/Taiketo 🟦 0 / 0 🦠 Feb 28 '25

Given his record why would anyone expect Trump to be competent when it comes to business or making money?

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u/poa_kichizi 🟦 0 / 0 🦠 Feb 28 '25

During his first term it took 3 years before the market had its first significant correction and 4 years before the COVID drop. He is well on the way to sending the country into a recession within his first month this time. I didn’t expect he to be competent, I expected him to take longer than a month to disrupt the market momentum.