Trump won, and after Biden’s four-year war against crypto ended (hello, Operation Chokepoint 2.0), the markets were set to moon.
By election night, prices went nuts.
Then Jerome Powell fucked it all up with his hawkish tone shift in December, and Trump’s tariffs were the final nail in the coffin, ultimately killing the bull market vibe.
Now, bullish news—the SEC dropping cases and a US crypto reserve—can’t stop the slow bleed to $0.
Coincidence?
Or is Trump playing 4D chess to rewrite crypto’s future?
X is buzzing with manipulation talk—same old bear market denial when a dog in a hat stops looking like the future.
While Trump's purposeful tanking of the market is likely conspiracy theory nonsense, let’s explore this scenario just for fun.
So, why would Trump crash crypto on purpose?
1. Flush the Scammers
Crypto’s both a genius magnet and a grifter’s playground.
Everyone knows it.
Countless examples of speculative mania in crypto include ICOs, food farms, NFTs, and memecoins.
But what if it didn’t have to be that way?
Crashing the market drives the SBF wannabes away because all the easy money disappears.
History shows after every speculative crypto mania, true believers stick around and build innovative, new applications.
For the first time, crypto can be rebuilt with clear rules in place so there’s no gray area for the good or bad guys.
It all starts with the Whitehouse Crypto Summit, where the industry’s best and brightest will come together to influence policy.
No more founders guessing what is or isn’t legal while dodging fines from Gary Gensler and the SEC.
2. Make the US Crypto’s Capital
Biden’s war on crypto sent some of crypto’s best builders scrambling offshore to other countries.
Trump wants them back.
For all the flack Trump gets for being racist, he’s always maintained that he wants the US to attract the world’s brightest minds (see: his $5M Gold Card play).
If the US turns into crypto’s HQ, it’s a pipeline for startups, jobs, and foreign investments flooding stateside.
Tariffs might spike inflation and tank prices short-term, but they’re a hardball tactic to win global trade — and cement America as the financial superpower.
Checkmate.
3. Brand the Dip, Own the Spike
Trump is a marketing and branding legend.
He knows how to stay top of mind for better or for worse.
During his last term, he used the stock market as a barometer for his success as a president.
But what about crypto?
It’s smaller, wilder, and ripe for a power move.
It’s still relatively early, with a market cap of just under $3 trillion. Crypto is so small, random influencers on X can spark mass speculative mania.
Trump is a different level of influencer – why not crash it, rebuild it, and forever be associated with positive price action for the rest of time?
He’s not just saving the industry—he’s branding it, so he’s the savior.
So, Did He Do It?
I doubt it.
But it’s fun to think about.
It’s likely just tariffs and macro gloom, similar to 2022 when quantitative tightening began.
QE still hasn’t officially ended yet thanks to inflation.
Crypto is a liquidity sponge, and as long as rates are high, prices will remain muted.
Whatever happens, a cleaner crypto, free of grifters, means a healthier industry for the long term.
Buying the dip? Watching the summit? That’s your call.
All I know is the underlying fundamentals have never been better. It won’t be long before the price action reflects that.