- PPF Points
- 894
In the crypto world, narratives have great leverage to influence prices and strengthen crypto adoption, currently one of the big figures who is always associated with the crypto world is President Donald Trump. Moreover, in his speech, in New York City on Thursday (3/20/2025), Trump stated that he would make the United States a Bitcoin Superpower and the world's crypto capital, so we can be sure that Trump has a very big influence on Bitcoin/crypto both in terms of market sentiment and policy.
Bitcoin and Narrative
Based on the information I have obtained, I can conclude that Bitcoin is not just blockchain technology but also arises from a narrative that creates a strong social construction and Bitcoin gets its value from community trust. When fiat money (USD) plummets, Bitcoin is used as a hedge, but when the price of Bitcoin plummets, observers and experts always look for the cause and currently the argument that has emerged is Trump's role in creating market uncertainty such as trade tariff rules against China, Canada and Mexico.
Trump and Positive Sentiment for Bitcoin
Trump, who we know so far is very pro-crypto, will influence other countries such as Abu Dhabi and Saudi Arabia to be more active in buying Bitcoin and will most likely influence other countries to immediately adopt Bitcoin.
The closer the relationship between the US government and the crypto market, the development of Bitcoin and other crypto will be influenced by global politics. Trump's policies are often more open and provide a strong push for the crypto world, but sudden changes in policy will affect volatility and become a risk for investors.
Bitcoin and Narrative
Based on the information I have obtained, I can conclude that Bitcoin is not just blockchain technology but also arises from a narrative that creates a strong social construction and Bitcoin gets its value from community trust. When fiat money (USD) plummets, Bitcoin is used as a hedge, but when the price of Bitcoin plummets, observers and experts always look for the cause and currently the argument that has emerged is Trump's role in creating market uncertainty such as trade tariff rules against China, Canada and Mexico.
Trump and Positive Sentiment for Bitcoin
Trump, who we know so far is very pro-crypto, will influence other countries such as Abu Dhabi and Saudi Arabia to be more active in buying Bitcoin and will most likely influence other countries to immediately adopt Bitcoin.
The closer the relationship between the US government and the crypto market, the development of Bitcoin and other crypto will be influenced by global politics. Trump's policies are often more open and provide a strong push for the crypto world, but sudden changes in policy will affect volatility and become a risk for investors.
