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The Trump Effect: How Crypto Went From "We're So Back" to "It's So Over"
Remember when Trump won, and everyone in crypto thought we'd just unlocked infinite money? Bitcoin blew past $100K, your group chats turned into nothing but rocket emojis, and people were seriously talking about $BTC hitting $200K by spring, we also expected to see #BTC at $200,000.
Bitcoin's sitting at $66K right now. Down nearly 42% from the top. And honestly? The vibes are completely off.
Let me walk you through what actually happened these past few months, because it's kind of wild.
When Trump won, the crypto market lost its mind in the best way possible.
Everyone had the same thought: "Holy shit, we actually got a pro-crypto president."
The narrative was everywhere:
Trump's gonna make America the crypto capital of the world
He's firing Gary Gensler on day one
Bitcoin strategic reserve incoming
Regulations are about to be amazing
This is IT, this is THE cycle, the Cycle where we will see Bitcoin at $200,000, Ethereum at $10,000, and $BNB at $3,000
Bitcoin blew past $100K like it was nothing. Your altcoin bags? Pumping. That random coin you bought as a joke? Up 300%. Everything was working.
I'm not gonna lie - those few weeks felt incredible. It genuinely seemed like we were entering a new era where the government would actually support crypto instead of trying to stop it.
Okay, so right before the inauguration in January, Trump drops #TRUMP his own meme coin, and look, when I first heard about it, I thought it was fake news. The President-elect launching a meme coin days before taking office? That can't be real.
But it was real. Very real.
The coin went from nothing to billions in market cap in HOURS. People were making absolutely stupid amounts of money if they got in early. We're talking life-changing gains.
Trump and his family reportedly walked away with hundreds of millions of dollars.
But here's the thing nobody wants to talk about - most people didn't get in early. Most people bought after it was already massive, thinking, "There's no way the President's coin dumps, right?"
Wrong, the coin absolutely crashed, you can check right here 👇👇
{spot}(TRUMPUSDT)
People who bought near the top lost 80-90% of their money. I'm talking about regular people who thought they were making a safe bet on the President's token. Students who threw in their savings. Parents who are trying to make extra money for their families, all wrecked.
And Trump? He said NOTHING about it, not a single tweet. No statement. No "hey guys, sorry about that." Nothing.
He launched it, made his money, and completely ghosted everyone who got ruined. Just moved on like it never happened.
That's when I started thinking... maybe this "crypto president" thing isn't what we thought it was.
After the inauguration, things got weird. Trump fired Gary Gensler, which was cool. He put some crypto-friendly people in regulatory positions - also good.
But all those big promises? The Bitcoin reserve? The amazing new framework for crypto? Making America the undisputed crypto capital? nothing, we saw nothing, and it is absolutely disappointing.
Instead, we started hearing about tariffs, trade wars, and economic policies that made traditional markets nervous. And you know what happens when traditional markets get nervous? Crypto gets absolutely bodied.
Bitcoin started sliding. $100K became $95K. Then $85K. Then $75K. Now we're at $66K, the Trump pump is over, and nobody wanted to admit it.
Here's what really gets me about the whole #TRUMP coin situation.
Thousands of people - regular people, not crypto degens, not traders bought that coin because they trusted him. They thought the President of the United States wouldn't just rug pull his own supporters.
They were genuinely thinking: "This is different. This isn't some random dev team. This is TRUMP. He wouldn't let this fail'' and he just let it crash and never said a word.
Think about how messed up that is. These people believed in you enough to put their money into your coin, and when it collapsed, you couldn't even be bothered to acknowledge it?
The crypto community just kind of forgot about it and moved on to the next thing. But honestly, that should've been a massive wake-up call.
If Trump won't stand by his own coin, why would anyone think he's gonna save the rest of the market? It's mid-February 2025, and the vibes are honestly pretty rough.
Bitcoin's at $66K - down 40% from the highs. Your altcoins? Probably doing worse. That portfolio you were bragging about in December? Yeah, we don't talk about that anymore.
{spot}(BTCUSDT)
Trump's still president, he's still technically "pro-crypto," but none of the moon mission stuff is happening. Now he's talking about pulling out of USMCA, which could cause even more market chaos.
I know this sounds harsh, but we need to be real about this:
Trump isn't your friend. He's not your crypto savior. He's a politician and businessman who saw an opportunity and took it.
The $TRUMP coin launch and crash proved that perfectly. He made his money and dipped. Didn't care about who got hurt. Didn't lose a second of sleep over people who lost their savings.
And honestly? That's fine. That's just how it is. But we need to stop pretending that political figures care about our portfolios.
The market doesn't care about narratives. It doesn't care that Trump is president. It doesn't care about your hopium or your predictions or your YouTuber telling you $200K is "inevitable."
The market does what it does - and right now, it's doing what markets do after a massive pump: correcting hard.
Bitcoin's sitting at $66K right now. Down nearly 42% from the top. And honestly? The vibes are completely off.
Let me walk you through what actually happened these past few months, because it's kind of wild.
When Trump won, the crypto market lost its mind in the best way possible.
Everyone had the same thought: "Holy shit, we actually got a pro-crypto president."
The narrative was everywhere:
Trump's gonna make America the crypto capital of the world
He's firing Gary Gensler on day one
Bitcoin strategic reserve incoming
Regulations are about to be amazing
This is IT, this is THE cycle, the Cycle where we will see Bitcoin at $200,000, Ethereum at $10,000, and $BNB at $3,000
Bitcoin blew past $100K like it was nothing. Your altcoin bags? Pumping. That random coin you bought as a joke? Up 300%. Everything was working.
I'm not gonna lie - those few weeks felt incredible. It genuinely seemed like we were entering a new era where the government would actually support crypto instead of trying to stop it.
Okay, so right before the inauguration in January, Trump drops #TRUMP his own meme coin, and look, when I first heard about it, I thought it was fake news. The President-elect launching a meme coin days before taking office? That can't be real.
But it was real. Very real.
The coin went from nothing to billions in market cap in HOURS. People were making absolutely stupid amounts of money if they got in early. We're talking life-changing gains.
Trump and his family reportedly walked away with hundreds of millions of dollars.
But here's the thing nobody wants to talk about - most people didn't get in early. Most people bought after it was already massive, thinking, "There's no way the President's coin dumps, right?"
Wrong, the coin absolutely crashed, you can check right here 👇👇
{spot}(TRUMPUSDT)
People who bought near the top lost 80-90% of their money. I'm talking about regular people who thought they were making a safe bet on the President's token. Students who threw in their savings. Parents who are trying to make extra money for their families, all wrecked.
And Trump? He said NOTHING about it, not a single tweet. No statement. No "hey guys, sorry about that." Nothing.
He launched it, made his money, and completely ghosted everyone who got ruined. Just moved on like it never happened.
That's when I started thinking... maybe this "crypto president" thing isn't what we thought it was.
After the inauguration, things got weird. Trump fired Gary Gensler, which was cool. He put some crypto-friendly people in regulatory positions - also good.
But all those big promises? The Bitcoin reserve? The amazing new framework for crypto? Making America the undisputed crypto capital? nothing, we saw nothing, and it is absolutely disappointing.
Instead, we started hearing about tariffs, trade wars, and economic policies that made traditional markets nervous. And you know what happens when traditional markets get nervous? Crypto gets absolutely bodied.
Bitcoin started sliding. $100K became $95K. Then $85K. Then $75K. Now we're at $66K, the Trump pump is over, and nobody wanted to admit it.
Here's what really gets me about the whole #TRUMP coin situation.
Thousands of people - regular people, not crypto degens, not traders bought that coin because they trusted him. They thought the President of the United States wouldn't just rug pull his own supporters.
They were genuinely thinking: "This is different. This isn't some random dev team. This is TRUMP. He wouldn't let this fail'' and he just let it crash and never said a word.
Think about how messed up that is. These people believed in you enough to put their money into your coin, and when it collapsed, you couldn't even be bothered to acknowledge it?
The crypto community just kind of forgot about it and moved on to the next thing. But honestly, that should've been a massive wake-up call.
If Trump won't stand by his own coin, why would anyone think he's gonna save the rest of the market? It's mid-February 2025, and the vibes are honestly pretty rough.
Bitcoin's at $66K - down 40% from the highs. Your altcoins? Probably doing worse. That portfolio you were bragging about in December? Yeah, we don't talk about that anymore.
{spot}(BTCUSDT)
Trump's still president, he's still technically "pro-crypto," but none of the moon mission stuff is happening. Now he's talking about pulling out of USMCA, which could cause even more market chaos.
I know this sounds harsh, but we need to be real about this:
Trump isn't your friend. He's not your crypto savior. He's a politician and businessman who saw an opportunity and took it.
The $TRUMP coin launch and crash proved that perfectly. He made his money and dipped. Didn't care about who got hurt. Didn't lose a second of sleep over people who lost their savings.
And honestly? That's fine. That's just how it is. But we need to stop pretending that political figures care about our portfolios.
The market doesn't care about narratives. It doesn't care that Trump is president. It doesn't care about your hopium or your predictions or your YouTuber telling you $200K is "inevitable."
The market does what it does - and right now, it's doing what markets do after a massive pump: correcting hard.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.