{"id":21150,"date":"2026-02-02T22:51:20","date_gmt":"2026-02-02T22:51:20","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trumps-crypto-dream-crumbles-as-bitcoin-tanks-promises-profits-and-a-market-in-freefall\/"},"modified":"2026-02-02T22:51:26","modified_gmt":"2026-02-02T22:51:26","slug":"trumps-crypto-dream-crumbles-as-bitcoin-tanks-promises-profits-and-a-market-in-freefall","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trumps-crypto-dream-crumbles-as-bitcoin-tanks-promises-profits-and-a-market-in-freefall\/","title":{"rendered":"Trump\u2019s crypto dream crumbles as Bitcoin tanks\u2014Promises, profits, and a market in freefall"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">When President Trump took office for his second term, he made an audacious promise: to transform the United States into the \u201ccrypto capital of the world.\u201d With grand aspirations to lead the charge on digital assets like Bitcoin, Trump\u2019s administration quickly <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/fact-sheets\/2025\/03\/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile\/\" target=\"_blank\" rel=\"nofollow\">signed<\/a> an Executive Order aimed at propelling the U.S. to the forefront of cryptocurrency innovation. <\/p>\n<p>But just a year later, the crypto landscape is a far cry from the president\u2019s vision of dominance.<\/p>\n<div id=\"cn-block-summary-block_fa20be2d12f24eacbdf5a688d43434c4\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>U.S. spot-Bitcoin ETF investors sitting on paper losses of 8-9%, reflecting a broader slump in the crypto market.<\/li>\n<li>Despite promises to make the U.S. the \u201ccrypto capital of the world\u201d and initiatives like appointing a \u201ccrypto czar,\u201d actual progress in Bitcoin regulation has been limited under Trump\u2019s second term.<\/li>\n<li>While the market crashes, Trump\u2019s own crypto holdings have made him between $867 million and $1 billion.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin\u2019s recent plunge to its lowest level since April 2025 has cast doubt on the lofty ambitions of the Trump administration\u2019s crypto agenda. <\/p>\n<p>As of February 2, Bitcoin fell below $75,000, continuing a steady decline from its peak in 2025, with fresh losses hitting the average U.S. spot-Bitcoin ETF investor, who is now sitting on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-02\/bitcoin-etf-buyers-sit-on-losses-as-crypto-conviction-fades?srnd=phx-crypto\" target=\"_blank\" rel=\"nofollow\">paper losses of 8-9%<\/a>. Despite early 2024 inflows still showing promise, newer investments have slipped into the red, echoing a broader slump across the crypto market.<\/p>\n<p>A combination of evaporating liquidity, lackluster inflows, and Bitcoin\u2019s failure to react to typical market drivers like dollar weakness and geopolitical risk have left the leading cryptocurrency directionless. The market\u2019s struggles have mirrored a broader sell-off in global equities and commodities, erasing a staggering $700 billion in crypto market capitalization within just two weeks, according to analyst Ash Crypto.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING:<\/p>\n<p>$700,000,000,000 has been wiped out from the crypto market in just 2 weeks.<\/p>\n<p>2026 is turning out to be even worse than 2025. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/GnsAkHF2GX\">pic.twitter.com\/GnsAkHF2GX<\/a><\/p>\n<p>\u2014 Ash Crypto (@AshCrypto) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/AshCrypto\/status\/2018197504479936899?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 2, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Trump\u2019s Crypto Promises: Where\u2019s the Leadership?<\/h3>\n<p>When Trump championed cryptocurrency as a driver of economic growth, he envisioned the U.S. leading the way. He not only promised a Strategic Bitcoin Reserve and a Digital Assets Stockpile but also appointed David Sacks as the \u201ccrypto czar\u201d to steer regulation. <\/p>\n<p>However, aside from the passing of the GENIUS Act\u2014focused on payment stablecoins\u2014actual progress on Bitcoin and altcoin regulation has been scant. The market\u2019s recent downturn raises questions about whether Trump\u2019s bold crypto vision will ever come to fruition.<\/p>\n<p>Meanwhile, Trump himself has made millions from the crypto space, with some estimates of his profits ranging between $867 million and $1 billion, making it <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/interactive\/2026\/01\/20\/opinion\/editorials\/trump-wealth-crypto-graft.html\" target=\"_blank\" rel=\"nofollow\">his most lucrative investment<\/a>. But as the market collapses, the very assets that once fueled Trump\u2019s personal financial boom may be exposed for their volatility, leaving the public to wonder whether the promise of the \u201ccrypto capital\u201d was ever truly achievable.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When President Trump took office for his second term, he made an audacious promise: to transform the United States into the \u201ccrypto capital of the world.\u201d With grand aspirations to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21150"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21150\/revisions"}],"predecessor-version":[{"id":21151,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21150\/revisions\/21151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1555"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}