When President Trump took workplace for his second time period, he made a daring promise to show the US into the “crypto capital of the world.” With grand ambitions to be on the forefront of digital belongings like Bitcoin, the Trump administration shortly signed an govt order aimed toward pushing the US to the forefront of crypto innovation.
However only one yr later, the crypto panorama is way from the president’s imaginative and prescient of dominance.
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- Spot Bitcoin ETF buyers within the US are struggling losses of 8-9%, reflecting the broader downturn within the crypto market.
- Regardless of his pledge to make the US the “crypto capital of the world” and his efforts to nominate a “crypto czar,” there was restricted progress in regulating Bitcoin throughout President Trump’s second time period.
- Whereas the market has crashed, Trump’s personal cryptocurrency holdings are between $867 million and $1 billion.
Bitcoin’s current fall to its lowest stage since April 2025 calls into query the lofty ambitions of the Trump administration’s crypto coverage.
As of February 2, Bitcoin has fallen under $75,000, persevering with its regular decline from its 2025 peak, with the common U.S. spot Bitcoin ETF investor struggling new losses and at the moment sitting at 8-9%. Though capital inflows are nonetheless anticipated in early 2024, new investments have fallen into the crimson, reflecting a broader downturn within the crypto market as a complete.
A mixture of evaporating liquidity, slowing capital inflows, and Bitcoin’s failure to react to typical market components reminiscent of a weak greenback and geopolitical dangers have despatched the main cryptocurrency dropping path. Analyst Ash Crypto stated the market’s struggles mirrored a broader decline in shares and commodities globally, wiping out a staggering $700 billion in crypto market capitalization in simply two weeks.
breaking information:
In simply two weeks, $700 million disappeared from the cryptocurrency market.
2026 seems to be even worse than 2025. pic.twitter.com/GnsAkHF2GX
— Ash Crypto (@AshCrypto) February 2, 2026
President Trump’s cryptocurrency pledge: The place is the management?
When Trump championed cryptocurrencies as engines of financial progress, he envisioned the US main the best way. Not solely did he promise a strategic Bitcoin reserve and digital asset stockpile, he additionally appointed David Sachs because the “crypto czar” to guide regulation.
Nonetheless, apart from the passage of the GENIUS Act, which focuses on funds stablecoins, precise progress on regulating Bitcoin and altcoins has been scant. The current market downturn has raised questions on whether or not President Trump’s daring cryptocurrency imaginative and prescient will ever come true.
In the meantime, Trump himself has made thousands and thousands within the cryptocurrency house, with income estimated at between $867 million and $1 billion, making it his most profitable funding. However a market crash may expose the instability of the very belongings that when underpinned President Trump’s private finance growth, leaving the general public to query whether or not the promise of “crypto capital” was ever achievable.
