The plan: Trump was going to get the US treasury to diversify into more BTC and the world would follow suit. Degens celebrate in the streets. The outcome: treasury didn’t buy BTC, $TRUMP token extracted from degens, and the world is moving into precious metals instead of crypto.

At what price point is Trump good for crypto again? $130k and outpacing gold’s gains? Or are there other factors at play in the equation beyond price?

So 1 year into the presidency and the outcome is determined already? Honestly this reply is in line with the other replies to Sam’s post so feels fairly consensus I guess

I think it’s less about price and more about what happens. I think the overall thesis I had going in (“the plan”) hasn’t played out. And “outcome” is what has happened. If Trump creates so much chaos in the world that everything that could even smell like a dollar alternative does well, and BTC goes to $200k, does that mean he’s good for crypto? Perhaps but it’s not the thesis most people had in mind. I think it’s hard to see anything he’s done as all that much more than self-enrichment and returning favors to the lobby that bought him. Price did incredibly well under Biden but most people don’t think he was great for crypto. Tbh, BTC is up a decent amount since Trump was elected. I dont think he’s been overall that terrible for price. I just don’t think the thesis people had when crypto Twitter helped get him elected has played out at all.

I do think the $TRUMP followed by $MELANIA was pretty disqualifying tbh. And it’s a very reasonable perspective that he’s just not serious about this entirely based on that. I’ve learned from my dad and father-in-law that 80-year-old men don’t change much. And if he buys a bunch of BTC with taxpayer money cause the lobby goes too hard at him and price goes up, I still wouldn’t just be like “👍👍👍👍👍👍”

all fair takes I do think a lot of progress has been made with crypto adoption in 2025 (no more debanking, Banks offering custody and trading to clients, tokenization) that may not have happened under Kamala (we will likely never know), frivolous lawsuits dropped freeing up resources and a regulatory framework is around the corner I do see those as wins although certainly there are negatives that counter/balance the positives not obvious to me that he's a massive net negative and I think we need more time to come to a decision

Yeah I think the alienation of the world and the grift via his own coins are what really matter. I’m sure Bailey had a list of real issues he needed passed and that stuff got passed but I’m just not sure it mattered as much as insiders claim. Coinbase became a $80bn publicly traded company on Nasdaq pre-Trump. I don’t think it was as bad before as people make it out to have been. And I still think that a skeptical administration approving the ETFs did more for crypto on a global stage than all the behind-the-scenes stuff this bought administration is doing.