When President Trump took office for his 2nd time duration, he made an gallant promise: to remodel the United States into the “crypto capital of the arena.” With broad aspirations to lead the price on digital resources like Bitcoin, Trump’s administration rapidly signed an Govt Insist aimed at propelling the U.S. to the forefront of cryptocurrency innovation.
But factual a one year later, the crypto panorama is a some distance yowl from the president’s imaginative and prescient of dominance.
- U.S. situation-Bitcoin ETF investors sitting on paper losses of 8-9%, reflecting a broader spin in the crypto market.
- No topic guarantees to form the U.S. the “crypto capital of the arena” and initiatives like appointing a “crypto czar,” exact progress in Bitcoin legislation has been restricted underneath Trump’s 2nd time duration.
- While the market crashes, Trump’s admire crypto holdings possess made him between $867 million and $1 billion.
Bitcoin’s most up-to-date topple to its lowest level since April 2025 has solid doubt on the lofty ambitions of the Trump administration’s crypto agenda.
As of February 2, Bitcoin fell underneath $75,000, continuing a favorite decline 7from its peak in 2025, with contemporary losses hitting the common U.S. situation-Bitcoin ETF investor, who is now sitting on paper losses of 8-9%. No topic early 2024 inflows aloof showing promise, newer investments possess slipped into the purple, echoing a broader spin across the crypto market.
A mixture of evaporating liquidity, lackluster inflows, and Bitcoin’s failure to react to conventional market drivers like greenback weakness and geopolitical possibility possess left the main cryptocurrency directionless. The market’s struggles possess mirrored a broader promote-off in world equities and commodities, erasing a staggering $700 billion in crypto market capitalization interior factual two weeks, per analyst Ash Crypto.
BREAKING:
$700,000,000,000 has been worn out from the crypto market in barely 2 weeks.
2026 is popping out to be even worse than 2025. pic.twitter.com/GnsAkHF2GX
— Ash Crypto (@AshCrypto) February 2, 2026
Trump’s Crypto Guarantees: The attach’s the Management?
When Trump championed cryptocurrency as a driver of economic enhance, he envisioned the U.S. main the manner. He no longer totally promised a Strategic Bitcoin Reserve and a Digital Assets Stockpile nonetheless also appointed David Sacks because the “crypto czar” to steer legislation.
On the opposite hand, as antagonistic to the passing of the GENIUS Act—centered on price stablecoins—exact progress on Bitcoin and altcoin legislation has been scant. The market’s most up-to-date downturn raises questions about whether or no longer Trump’s valorous crypto imaginative and prescient will ever reach to fruition.
Meanwhile, Trump himself has made hundreds and hundreds from the crypto space, with some estimates of his profits ranging between $867 million and $1 billion, making it his most profitable investment. But because the market collapses, the very resources that after fueled Trump’s private financial enhance can also very properly be exposed for their volatility, leaving the public to wonder if the promise of the “crypto capital” develop into once ever in actuality achievable.
