Investors in Bitcoin Were Disappointed: Why Did Trump's Rise Stumble? - Coin Bulletin

Trump's decision to evaluate digital asset holdings has dampened short-term expectations for Bitcoin investors, while garnering a reaction from traders awaiting concrete steps in the market.

Cryptocurrency analyst Nick Forster noted that the intention of former US President Donald Trump to evaluate different cryptocurrencies instead of creating a Strategic Reserve for Bitcoin specifically has negatively affected short-term Bitcoin expectations.

In the analysis note published on January 25, Forster emphasized that there is a limited expectation of upward movement for Bitcoin in the short term in the market. One of the fundamental reasons for this is said to be the lack of a specific reserve announcement for Bitcoin.

Although it has limited the short-term rise of Bitcoin, if Trump decides to reserve with an altcoin basket instead of Bitcoin, it could be a really triggering force for the bull.

According to the data of the Derive platform on 24 January, 83.3% of the sold call options of Bitcoin options indicate the prevailing expectation in the market that the price will remain stable or decrease.

Trump's cryptocurrency hesitation

On January 23, Trump signed an executive order establishing a task force to ensure that the United States leads the cryptocurrency sector in digital asset markets.

However, this decision has sparked discussions within the Bitcoin community. The Ripple side advocates for the creation of a multi-coin reserve instead of a solely Bitcoin-focused strategic reserve.

Forster said, "Traders were expecting concrete steps, not vague promises. The markets are now clearly showing that hype alone is not enough to create a lasting impact."

According to CoinMarketCap data, at the time of the publication of the news, the price of Bitcoin was around $105,100 and was trading at levels about 3.8% lower than the previous all-time high price. Analysts predict that Bitcoin could reach levels of $180,000 in 2025.