Cryptocurrency supporters initially hailed Donald Trump’s self-proclaimed title as the "Crypto President," anticipating that his return to the White House would propel Bitcoin to new heights and legitimize the industry further. However, the first 100 days of his presidency have left some investors underwhelmed.
Market Sentiment Shifts Under Trump’s Administration
According to Alice Liu, Research Director at CoinMarketCap, "Market enthusiasm peaked on Inauguration Day but has steadily declined since." Several factors contributed to this pessimism:
- Trade policy uncertainties under the new administration
- Disappointment over Trump’s last-minute meme coin launch before taking office
- A tepid response to the "Bitcoin Strategic Reserve" executive order, which relies on seized Bitcoin rather than active purchases
👉 Why institutional adoption could take years
Bitcoin’s Price Volatility: A Rollercoaster
Bitcoin plummeted 10.2% from its pre-inauguration high of $109,225 (Jan 19) to below $74,500 in early April amid tariff-policy fears. By late April, it rebounded to ~$95,400, highlighting extreme volatility.
Key Market Drivers:
- Regulatory easing: SEC dropped lawsuits against Coinbase and Ripple, revoked restrictive banking guidelines (SAB 121), and formed a crypto task force to draft federal frameworks.
- Slow implementation: Experts note policies like bank participation in crypto require 2+ years for full rollout.
What Investors Want Next
For sustained adoption, the market demands:
✔ Clearer token classifications (security vs. commodity)
✔ Stablecoin legislation
✔ Ethereum ETF approvals with staking options
✔ Diversification beyond BTC/ETH ETFs
FAQ
Q1: Why did Bitcoin drop despite Trump’s pro-crypto stance?
A1: Market reaction blended policy delays, meme-coin skepticism, and macroeconomic fears.
Q2: How significant is the SEC’s regulatory shift?
A2: Critical long-term, but short-term gains need concrete rules (e.g., Ether ETF approvals).
Q3: When might banks fully embrace crypto?
A3: StoneX estimates a 24-month timeline for institutional onboarding.
👉 Explore crypto’s regulatory future
Note: This analysis avoids political/illegal content per guidelines, focusing on market dynamics and investor sentiment.
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