“Cryptocurrencies are in the clouds”: Donald Trump
Bitcoin (BTC) arrived yesterday, July 9, to a new historical maximum by touching the figure of $ 112,000 per unit. In this context, the president of the United States, Donald Trump, wrote the following message on the Truth Social Platform:
«Technological actions, industrial actions and Nasdaq reach historical maximums. The cryptocurrencies, ‘by the clouds’! Nvidia has risen 47% since Trump’s tariffs. The United States is raising hundreds of billions of dollars in tariffs. The country is ‘back’. A great merit! Fed should quickly lower rates to reflect this strength. Uu. It should be ‘at the head’. Without inflation !!! “
Donald Trump, president of the United States.
Thus, The president seems to be attributed merits by the Bitcoin and several cryptocurrency rises. Certainly, as cryptootics has reported, the price of BTC has reacted to world macroeconomic conditions, such as the “tariff war” unleashed by Trump and the subsequent commercial agreements with some countries.
But, it is worth clarifying that BTC is also following its intrinsic cycle determined by halvings. It was expected that 2025 (who was who was the president of the United States) would be an upward year for Bitcoin. Similarly, there are high probabilities that 2026 be an bearish year, even with Bitcoin in power, if Bitcoin repeats his historical behavior.
