You Love to See It... Or Not
So I was scrolling through a big crypto sub on Reddit this morning and stumbled on a thread that was just pure, uncut rage. The topic? A one-year look-back at how the market's done under the so-called 'Crypto President.' And boy, the numbers are ugly. We're talking Bitcoin down 15%, ETH down 8%, and altcoins getting absolutely vaporized, down 70-90%. Ouch.
Predictably, the community was having a field day with this. You could almost feel the collective 'I told you so' through the screen. One user chimed in, saying, 'Unsurprisingly, when instability and chaos reigns... people seek more established assets.' No kidding. Crypto loves stability, not chaos.
'Everything He Touches...'
The general consensus on the thread was pretty brutal. Comment after comment just hammered the point home: 'Everything Trump touches dies.' People were pointing out that this was completely predictable. As one user put it, so many folks were 'blinkered' thinking a new president would magically bring crypto wealth. Spoiler: it didn't, except for maybe his own circle.
A few people made a killer point that really stuck with me. They said we need to be specific: he's not the 'Bitcoin President,' he's the 'meme coin scam President.' When the biggest crypto-related news tied to a political figure is about his family pulling rugs and shilling junk coins, it's a terrible look for the entire industry. It attracts regulators for all the wrong reasons and makes us all look like clowns.
My Take: This Isn't FUD, It's a Wake-Up Call
Look, I'm gonna be straight with you. Anyone who bought crypto because they thought a politician was going to pump their bags was playing the game all wrong. This has nothing to do with left vs. right and everything to do with common sense. Presidents don't control crypto market cycles. Macroeconomics, Fed policy, and actual tech adoption do.
The idea that one guy in an office was going to override global financial currents was always a fantasy. And as the Reddit thread rightly pointed out, when your supposed champion is more associated with rug pulls than with promoting sound, secure projects, you've got a serious problem. Alts got crushed because they always get crushed when Bitcoin is weak and money gets tight. It's that simple. This isn't a political failure; it's a market reality that a lot of people ignored because of hype.
Stop looking to politicians to make you rich. Focus on the tech, take custody of your keys, and for the love of God, stop thinking a soundbite is a substitute for a sound investment strategy.
So, what's your take? Did you get caught up in the hype, or did you see this coming a mile away? Drop a comment below and let's talk about it.
