economy
February 11, 2026
What the Crypto Crash Reveals About Trump’s Power
The president’s support was never a guarantee of the market’s stability.
TL;DR
- Donald Trump promised to make the U.S. the "crypto capital of the planet" during his 2024 campaign.
- Following Trump's election, crypto donations increased, and digital assets initially appreciated.
- Bitcoin's price has fallen significantly from its all-time high, and the global market capitalization has lost over $2 trillion.
- Crypto-venture-capital deals have decreased, leading to speculation about a potential crypto bailout.
- Trump's administration has promoted cryptocurrency through promotional tactics, deregulation, and family investments.
- The Trump family has reportedly made hundreds of millions from cryptocurrencies.
- Bitcoin's volatility is driven by factors like "halving" events and global attention.
- The crypto industry experienced a boom in 2021, followed by a crash in 2022 due to the downfall of key figures and regulatory crackdowns.
- Trump's election coincided with the sector beginning to recover from a "crypto winter."
- The Trump administration has championed crypto-friendly regulations like the GENIUS Act and dropped previous investigations.
- Key figures in the White House, such as David Sacks and Howard Lutnick, are described as crypto devotees.
- Crypto's integration with mainstream financial institutions has led it to trade more like tech stocks.
- The current downturn suggests crypto is governed by more than just Silicon Valley earnings and is influenced by global traders.
- The crypto market capitalization has erased all gains made since Trump's inauguration.
- A future Democratic administration is unlikely to share the current administration's permissive attitude towards crypto.
- Treasury Secretary Scott Bessent stated the government has no authority to direct private banks to purchase more bitcoin.
- Bitcoin, once envisioned as an alternative to the traditional system, has become integrated into it.
- While institutional adoption has made crypto more resilient, its prices remain volatile due to the lack of unilateral control over its future.
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