Is Bitcoin dying? Speculations are rising, but the future of crypto is always full of surprises. 🌐💰
Media Commentary on Trump’s Connection to Bitcoin
Trump, who was the main reason for the increase in the value of Bitcoin, has now become the main reason for its fall; last month Bitcoin was $108,000 and now it has fallen to $86,000.
According to the chart, Bitcoin fell to a three-month low as concerns about Trump’s tariffs undermined investor confidence. Concerns over U.S. tariffs after the theft of £1.2 billion worth of crypto from the Dubai Exchange last week further undermined investor confidence. The price of Bitcoin fell to $86,000, which was far from its peak last month, which was close to $110,000 on the same day that Donald Trump took office. His victory in the US presidential election boosted Bitcoin after he promised to make the United States the “crypto capital of the earth”. However, the value of this popular cryptocurrency has fallen recently as investors anxiously watched Trump’s plans to impose tariffs on their trading partners. Fears of a restart of trade wars have pushed investors away from risk assets – of which Bitcoin is among the most delicate.The main decline of European and Asian stock indices has not yet begun, and Bitcoin’s decline is still early in the way.
However, at the time of the US elections, I noted that this move of Bitcoin bulls has nothing to do with Trump, and this move can be very deadly for Bitcoin, and this promise is being fulfilled.
But
what is the main reason for these events?
What is the purpose of BTC whales?
Bitcoin is facing significant challenges. The question remains: is this the end, or just another phase of evolution for the cryptocurrency networks?
Despite the recent challenges and fluctuations, declaring ‘Bitcoin is dying’ overlooks its resilience and the broader adoption of blockchain technology. Innovation often faces skepticism, but time will tell its true impact.