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Author: Markus Städeli | NZZ
Source: Original article
Publication date: 25.11.2025
Summary reading time: 1 minute

Executive Summary

Donald Trump, who positioned himself as a supporter of cryptocurrencies during his campaign, seems to be increasingly harming the industry through his erratic behavior after his election. After reaching a historic high of 126,000 dollars in early October, Bitcoin experienced a rapid price decline. This pattern illustrates the volatility of the crypto market and the problematic effects of political unpredictability on digital assets.

Core Topic & Context

The article describes the change in Donald Trump's relationship with the crypto industry: from an initial supporter during the campaign to a destabilizing factor after taking office. This demonstrates how political rhetoric and actual actions can diverge in this new financial sector.

Key Facts & Figures

  • Bitcoin reached its historic high of 126,000 dollars in the first week of October 2025
  • The price increase was only short-lived, followed by a significant decline
  • Trump visited the most important Bitcoin conference during his campaign in summer 2024
  • The President initially took the crypto industry "under his wing"

Stakeholders & Affected Parties

  • Crypto investors and traders
  • Blockchain and crypto companies
  • Financial regulators and political decision-makers
  • Mainstream financial institutions with crypto engagements

Opportunities & Risks

Risks:

  • Increased market volatility due to unpredictable political statements
  • Potential regulatory uncertainty caused by contradictory political signals
  • Loss of trust among institutional investors in cryptocurrencies

Opportunities:

  • The attention of a US President could contribute to legitimizing the sector in the long term
  • Possible regulatory reforms if Trump returns to his original supportive stance

Action Relevance

Investors in the crypto sector should prepare for continued volatility and closely follow political developments in the US. Companies in this sector need robust strategies to hedge against political risks, such as diversifying their activities across different legal systems.

References

Primary source:

Verification status: ✅ Facts verified based on available article text