Krugman Links Bitcoin Drop to Trump's Waning Power
Update: 2025-11-26
Description
Nobel laureate Paul Krugman posits a unique theory: Bitcoins recent woes are not mere market fluctuations, but a result of the unraveling of the Trump trade. Krugman argues that Bitcoins value has become intertwined with former President Trumps influence, citing his past support for the crypto industry and investments in the sector. As Trumps political power appears to wane, Krugman suggests this directly impacts Bitcoin, as the crypto market has become a bet on Trumpism. However, a White House spokesperson disputes this, emphasizing the administrations active efforts to support cryptocurrency.
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