Summary
- Analyst Jacob King reported that the market will experience a sharp drop in Bitcoin.
- It was revealed that President Trump's pro-cryptocurrency policy might be a strategic ploy.
- Currently, Bitcoin is showing a downward trend in the market.
Analyst Jacob King from the cryptocurrency newsletter WhaleWire stated on the 20th (local time) via X (formerly Twitter) that "Bitcoin (BTC) will plummet below $100,000 as the market realizes that U.S. President Donald Trump's adoption of BTC as a strategic reserve asset and his pro-cryptocurrency policy mentions were merely ploys to gain votes."
He continued, "Trump is the furthest from being a pro-cryptocurrency president," emphasizing that "he has labeled BTC a scam dozens of times and is one of the most extreme dollar and gold advocates in history."
Meanwhile, BTC is trading at $103,708.73, down 2% from the previous day, in the Binance Tether (USDT) market as of 04:55 on the 21st.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
