- During his election campaign, Donald Trump actively flirted with cryptocurrency supporters.
- After coming to power, he actually legitimized Bitcoin for institutions and worsened its reputation with retail investors.
The crypto community still can’t definitively determine whether US President Donald Trump has had a positive impact on BitcoinAt the moment, one thing seems indisputable – he admitted Bitcoin at an official level, without associating it with cryptocurrency used in crimes.
Policy Shift: From Confiscations and Liquidations to Reserves
Trump’s most significant impact has been moving Bitcoin from the fringes of law enforcement to the center of national policy. This shift has been reinforced by two landmark executive orders:
- Executive Order 14178 established the legal use of public blockchains and protected mining, validation, and self-storage.
- Executive Order 14233 created Strategic Bitcoin-reserve. This radically changed the government’s approach from a confiscated asset subject to liquidation to a reserve asset that must be preserved.
For institutional investors, both documents reduced the level of “political risk” by confirming that a federal ban on Bitcoin is not being considered.
Price dynamics: ambiguity of influence
Despite Trump’s rhetoric fueling optimism among digital asset investors, the long-term price dynamics of BTC are far more complex.
- From November 5, 2024 ($67,800) Bitcoin has risen by about 20% to the current price of $80,700 (May 2026).
- On inauguration day, BTC was at $101,200, meaning the market is now down significantly.
- Now bitcoin price about 37% below its October 2025 peak of $126,198.
Trump’s comments have created a more favorable environment for Bitcoin, but they have not eliminated the impact of market cycles on it.
Regulation: Unadopted Bills
The Trump administration has made significant changes to the cryptocurrency market “infrastructure”:
- The GENIUS Act was signed into law, establishing a framework for payment stablecoins.
- Bank regulators (SEC, Federal Reserve) have relaxed previously strict rules, making asset storage more accessible to traditional banks.
- The CLARITY Act, designed to address the market’s infrastructure problems, stuck in the Senate Banking Committee.
Reputational barrier and “family ties”
Despite official support, Bitcoin has not yet gained the trust of the “mass market.” Gallup and Pew polls show, that more than 60% of Americans still consider cryptocurrencies extremely risky or have no interest in them.
The situation is complicated Trump family-linked cryptocurrency businesses (such as World Liberty Financial) create a “reputational barrier,” making it difficult for the uncontrolled and decentralized Bitcoin looks dubious in the eyes of those who do not trust the administration.
Slowing down blockchain adoption
BTC blockchain data shows that the policy change has not resulted in an increase in network activity:
- The number of unique addresses has declined since the end of 2024.
- The mempool is free and fees are often 1 satoshi. Bitcoin- transactions are cheaper than ever, but apparently no one wants to actively trade cryptocurrency.
- It is highly likely that the current growth is due to ETF and custodians, rather than the everyday use of cryptocurrency.
What conclusion can be drawn from the changes that have taken place? Donald Trump has undoubtedly transformed Bitcoin into a legitimate instrument, primarily for institutions. However, among ordinary Americans, Bitcoin’s perception has worsened due to the US president’s family projects.
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