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The crypto market thrives on bold bets, but here’s a twist: bitcoin (BTC) has tanked 13% under President Donald Trump, dropping from $101,000 to $87,000 since he took office in January 2025.
Big names like Cameron and Tyler Winklevoss, Brian Armstrong, Marc Andreessen, and Michael Saylor have rallied behind him, cheering his pivot to BTC. Yet, the numbers tell a different story.
Trump’s World Liberty Financial project has snapped up millions in tokenized BTC, and the federal government, on his orders, is stockpiling more.
Still, the king of crypto isn’t bowing to the hype. What’s driving this disconnect?
Trump’s Crypto Story
Trump once called BTC a “scam” during his first term, ending in 2021. Fast forward to March 27, 2025, and he’s all in.
World Liberty Financial, a venture he profits from, has invested heavily in BTC, buying millions worth of tokenized assets.
The federal government, under Trump’s directive, has also launched a Strategic Bitcoin Reserve and is hunting for more coins to add. This shift follows vocal support from crypto heavyweights.
The Winklevoss twins, Armstrong of Coinbase, Andreessen of a16z, and Saylor of MicroStrategy have all endorsed Trump’s authoritarian streak, betting on his influence to lift the industry. But BTC’s price chart isn’t playing along.
Since Trump’s inauguration, BTC has slid 13%, falling from $101,000 to $87,000 as of March 27, 2025, according to Coingecko data.
That’s a stark contrast to its performance under former President Joseph Biden. At this same point in Biden’s term, BTC climbed 45%, rising from $36,000 to $52,000, per market data from 2022.
Even Trump’s first term, when he was skeptical of crypto, saw better results—BTC edged up 8%, from $890 to $960 by a similar point in 2017.
The downturn isn’t isolated. Trump’s trade agreement violations, tariff threats, and mass government firings have rattled markets, potentially dragging BTC down with them.
Industry Cheers, Bitcoin Jeers
The crypto elite’s support for Trump is loud. Cameron Winklevoss tweeted praise in February 2025, calling him “the future of finance.” Tyler Winklevoss echoed the sentiment days later.
Armstrong lauded Trump’s deregulation promises in a March 2025 interview, while Andreessen and Saylor have penned op-eds backing his BTC stockpile plan. Yet, BTC’s 13% drop suggests their enthusiasm isn’t enough.
World Liberty Financial’s BTC buys—valued in the millions—haven’t stemmed the tide.
Neither has the government’s reserve push. The market seems unmoved, with BTC lagging despite the high-profile cheerleading.
Trump’s economic moves may explain BTC’s struggle. He’s trashed trade deals, threatened tariffs, and slashed government jobs, per reports.
These steps have slowed broader financial markets, and BTC isn’t immune. Under Biden, a steady economy helped BTC soar 45%. Trump’s first term, less chaotic, still managed an 8% BTC bump.
Now, with uncertainty reigning, the 13% decline from $101,000 to $87,000 looks tied to policy, not just sentiment.
Crypto’s Trump love affair is real, but BTC’s price action isn’t buying it. A 13% drop undercuts the industry’s hopes, dwarfing Biden’s 45% gain and even Trump’s earlier 8% rise.
World Liberty Financial and federal stockpiles add intrigue, but they’re not lifting BTC from $87,000.
