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Showing posts with the label crypto-friendly policies

If you invested $1k in Bitcoin when Trump became president; Here’s your return now

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While President Donald Trump has maintained a pro-cryptocurrency stance, Bitcoin (BTC) buyers at the time of his inauguration are now in the red, despite the asset’s rally during his swearing-in. Notably, on January 20, 2025, at the start of Trump’s second term, BTC traded at the coveted six-figure value of $101,083.  However, as of press time on April 8, Bitcoin has plunged, reflecting broader market volatility partly stemming from trade tariff uncertainty.  The flagship asset has dropped to $79,676, marking a 21% decline since Inauguration Day. BTC YTD price chart. Source: Finbold To put this drop into perspective, if you had invested $1,000 in Bitcoin on January 20, you’d now have approximately $787, a $213 drop in value. Indeed, Bitcoin has failed to make a decisive upward move despite Trump implementing some of his cryptocurrency-friendly policies, such as establishing a strategic Bitcoin reserve.  The investors appe...