2025, Feb 1 - Feb 7

$Trump is down to just under $18. According to the Financial Times, rug pull schemes have been getting more common ever since. Scammers now seem to use the Trump and Musk name to attract attention, and to their credit, a good amount of community did form. From earlier posts, I’ve explained why the President should not have gone down this path. Some called it a “goldrush” and others claimed it ended the bull run. Regardless of the controversial president, the overall market seems to hate this new politically influenced crypto world and bears are starting to increase. Fear is building up day after day and I see no reason to create such coin, just to build hype and instant wealth, only to be backfired a few week later and losing essentially ⅘ of its peak price. I believe that if it wasn’t for $TRUMP (and also to be escalated with $MELANIA), the tariffs wouldn't have been as volatile. Perhaps the executive orders wouldn’t have been so uncertain. And even going back to Inauguration, the confusion from the speech not mentioning a single thing on crypto, goes back to the meme coin.  

Bitcoin hit below targets to $91,000 and Ethereum lost almost $1000 in 14 hours on Sunday. The meme coin market saw incredible volatility and headlines feared of the altcoin season being over. This was due to the fear of major inflation after creating export taxes as President Trump claimed. Tariffs were cancelled and Bitcoin was reaching back up to six figures, but now even more uncertainty is made because it was revealed that the tariffs were only “delayed” for 30 days. However, inflation may not always be the case for increased taxes. It can mean companies can lose some profits, but only those who have access to the USD printing machines can drive up or down inflation. Back in the 2018 tariffs during the first Trump Administration, we actually saw a successful strategic tax that lowered the prices of goods like solar panels and washing machines. For extra ‘reassurance’, Eric Trump’s 0-tax proposal and Elon Musk’s Department of Government Efficiency allows the US government to be smaller and to cut corrupt and inefficient spendings, so income taxes aren’t relied on.