Bitcoin's Value: Presidents and Price Swings

Bitcoin's journey under different U.S. presidents has been quite the rollercoaster. Let's dive in.

Donald Trump: The Crypto Cheerleader

• Crypto Support: Donald Trump has been quite the crypto cheerleader lately.
• Bitcoin Events: He's shown up at Bitcoin events.
• Mining Goal: Even said he wants all Bitcoin mining to happen in the U.S.
• Regulatory Rollbacks: His team has also rolled back some rules from the previous administration, making things a bit easier for crypto businesses.
• Crypto Ties: Trump has ties to several crypto companies, which could mean big profits for him if he wins again.

Bitcoin's Price Under Trump

• Price Increase: Even with all this support, Bitcoin's price hasn't exactly skyrocketed under Trump.
• Percentage Increase: It's only gone up by about 7%.

Joe Biden: The Unexpected Booster

• Price Increase: Under Biden, Bitcoin's price shot up by a whopping 73%.
• Stricter Rules: Despite Biden being a bit stricter with crypto rules, Bitcoin has done much better under his watch.

The Trade War Factor

• Traders' Opinion: Some traders think Trump's trade wars might have something to do with Bitcoin's performance.
• Recent Crash: They've even blamed a recent Bitcoin crash on the escalating tensions.

Conclusion

• Complexity: It's not as straightforward as it seems.
• Multiple Factors: It's not just about who's cheering the loudest. There are a lot of factors at play.