How to think about Bitcoin’s booms — and busts — in the Trump era

New York Post - Mar 24th, 2025
Open on New York Post

Bitcoin experienced a dramatic fluctuation following the November election, reaching a high of over $100,000 before plummeting more than 20% shortly after President Donald Trump's inauguration. Proponents of cryptocurrency are optimistic about potential pro-crypto policies under Trump's administration, pointing to his support from crypto firms and plans for a federal crypto stockpile. However, skepticism remains regarding the impact of increased government involvement on the decentralized nature of cryptocurrencies.

The broader implications of Bitcoin's volatility are significant, as investors globally continue to consider crypto as a diversifying asset and potential inflation hedge. Despite Bitcoin's capped supply, the emergence of over 10,000 competing cryptocurrencies raises questions about its long-term value. The crypto market's notorious volatility, exacerbated by sentiment-driven swings, challenges investors' ability to time the market effectively. With criminal activities and regulation uncertainties still prevalent, the future of crypto remains as unpredictable as ever.

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RATING

5.4
Moderately Fair
Read with skepticism

The article provides an engaging discussion on the volatility of Bitcoin and its interplay with political events, particularly under the Trump administration. It effectively captures the reader's attention with vivid metaphors and a lively writing style. However, the lack of precise data, authoritative sources, and transparency in methodology raises questions about the accuracy and reliability of its claims. While it presents both bullish and skeptical viewpoints, the article leans towards a critical perspective on cryptocurrencies, which could affect its balance. Despite these shortcomings, the article remains timely and relevant, addressing issues of significant public interest and potential impact on investment decisions. Its speculative tone, while engaging, may detract from its ability to drive informed, fact-based discussions.

RATING DETAILS

5
Accuracy

The article makes several claims regarding Bitcoin's price movements and the impact of political events, such as the post-election boom to over $100,000 and subsequent decline. However, these claims lack precise data or references, making them difficult to verify. The article also mentions Trump's alleged pro-crypto stance and plans for a federal crypto stockpile, which are speculative and not supported by verifiable sources. While the article accurately captures the volatile nature of Bitcoin, it relies heavily on anecdotal evidence and lacks detailed statistical backing.

6
Balance

The article presents both positive and negative perspectives on Bitcoin investment, discussing potential gains and risks. It highlights the views of 'bulls' who support buying Bitcoin during dips and contrasts this with the inherent volatility and lack of fundamentals. However, it leans towards a skeptical tone regarding the stability and utility of cryptocurrencies, which might overshadow the bullish viewpoints. The article could benefit from a more balanced exploration of expert opinions and data supporting both sides of the argument.

7
Clarity

The article is generally clear in its language and structure, presenting information in a logical sequence. It uses vivid metaphors, such as comparing Bitcoin's volatility to a roller coaster, to enhance reader comprehension. However, the tone sometimes shifts from informative to speculative, which could confuse readers about the article's intent. While the narrative is engaging, it occasionally lacks the neutrality expected in financial analysis, potentially affecting the clarity of its message.

4
Source quality

The article lacks clear attribution to credible sources, which undermines its reliability. It references market trends and political events without citing specific studies, reports, or expert analyses. The absence of authoritative sources or data-backed evidence diminishes the article's credibility. While it mentions well-known figures and events, the lack of direct quotes or references to official statements raises questions about the depth of research and source variety.

5
Transparency

The article does not provide sufficient context or methodology for its claims, particularly regarding Bitcoin's price movements and political influences. It lacks transparency in explaining the basis for its assertions, such as the source of market data or the reasoning behind Trump's alleged crypto policies. Additionally, potential conflicts of interest, such as the author's financial interests in cryptocurrencies, are not disclosed, which could affect the perceived impartiality of the analysis.

Sources

  1. https://www.vaneck.com/us/en/blogs/digital-assets/trump-and-bitcoin/
  2. https://8kun.top/qresearch/res/22648448.html
  3. https://www.fxstreet.com/cryptocurrencies/news/how-will-bitcoin-price-react-to-trumps-latest-crypto-speech-202503201938
  4. http://acecomments.mu.nu/?post=371194http%3A%2F%2Facecomments.mu.nu%2F%3Fpost%3D371194
  5. https://www.ainvest.com/news/bitcoin-hovers-85-000-trump-crypto-push-market-sentiment-2503/