Would BTC have hit $100K without Trump?

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Would BTC have hit $100K without Trump?

03-06-2025 14:55

Would BTC have hit $100K without Trump?

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Would BTC have hit $100K without Trump?

Some crypto enthusiasts genuinely believe that without US President Donald Trump, Bitcoin would never have surged past the $100,000 mark. Quite the almighty Trump! No wonder that at the Bitcoin 2025 conference, Tron founder Justin Sun openly thanked the president for fostering a favorable environment for blockchain and digital assets. According to Sun, the regulatory climate in the US improved due to the actions of the president and his new administration, and without Trump and the public’s support for crypto, Bitcoin would never have hit its all-time highs.

There may be some truth to this view. In December 2024, shortly after the Republican victory in the presidential election, Bitcoin broke through the $100,000 threshold. The bullish rally has continued ever since. Recently, BTC reached a new peak of $112,000 before pulling back to trade near $108,000.

Sun also mentioned that he attended a private gala dinner hosted by Trump for the top 220 holders of TRUMP tokens. However, not all participants were as impressed. Some investors were disappointed by the brevity of the president’s remarks and the missed opportunity for direct interaction.

Justin Sun is among the largest holders of TRUMP tokens. According to data from Lookonchain, he holds 1,176,803 TRUMP tokens valued at over $14.32 million. Additionally, he invested $75 million in World Liberty Financial (WLFI), a lending platform backed by Trump’s family.

In March 2025, President Trump signed an executive order to establish a strategic BTC reserve. The reserve is expected to store digital assets confiscated by US authorities.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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