Crypto Industry's Bet on Trump Ends in Disaster

When Donald Trump returned to the White House in January 2025, the crypto industry saw its chance. They believed they had elected a champion who would make America the crypto capital of the world.

Trump's administration took steps to ease regulation and boost digital assets, proposing a strategic bitcoin reserve. Crypto investors poured money into Bitcoin, Ethereum, meme coins, and other investments, hoping for a new golden age.

However, after Trump's 2024 election victory, crypto prices skyrocketed, but only briefly. By October 2025, the market had collapsed, with over $2 trillion in value lost since its peak that month.

The biggest disappointment was the performance of Trump's own meme coin and First Lady Melania Trump's shitcoin, which plummeted by over 98%. The insiders who created them cashed out near the top, while ordinary investors got wiped out.