TL;DR
Trump’s return coincided with a crypto crash, wiping out fortunes built on speculation. The ‘crypto president’ myth fueled a bubble reminiscent of past financial disasters.
Story
Trump’s return to the White House coincided with a Bitcoin bloodbath, wiping out 34,000 crypto millionaires in Q1 2025. The irony? Many believed he’d be crypto’s savior.
How It Happened: The supposed link between Trump’s policies and the crypto crash is speculative, with some blaming his economic decisions for the market turmoil. It mirrors past hype cycles: A charismatic figure promises prosperity, naive investors flock in, the bubble bursts, and savings vanish. Like the 2008 housing crisis or the dot-com bust—irrational exuberance meets harsh reality. The idea of a “crypto president” itself is a red flag—governments and crypto exist in tension, not harmony.
Impact: 34,000 ruined portfolios. Retirement dreams shattered. Financial ruin—often for those least able to afford it.
Lessons: ‣ Due Diligence: Research before investing. Understand the asset, not just the hype. ‣ Risk Management: Diversify—don’t put all your eggs in one volatile basket. ‣ Skepticism: If it sounds too good to be true, it is.
Conclusion: History repeats itself. Greed, fueled by persuasive narratives and promises of easy riches, breeds disasters. When FOMO (Fear of Missing Out) guides your finances, you’re set up to be the next victim.
Advice
Don’t trust hype—especially in volatile markets. Research, diversify, and be skeptical.