When Trump's Promises Fail to Stand Out: From Crypto Euphoria to Market Collapse

Remember that moment when Trump won the election and it seemed like the crypto world had finally found its champion? That feeling was almost indescribable. Bitcoin shot past $100K, chat rooms exploded with rocket emojis, and suddenly everyone spoke with conviction about BTC reaching $200K before the end of spring. The sense was that we had entered a completely new era. The narrative dominated all spaces: a truly pro-crypto president, a strategic Bitcoin reserve in the making, progressive regulations on the way. It seemed impossible to fail.

Today, less than a year later, the scene is radically different. Bitcoin is at $68.11K, representing a roughly 46% drop from those all-time highs. The enthusiasm has vanished. Portfolios that were cause for celebration in December are now avoided in conversations. Expectations that once seemed so realistic now sound like collective illusions. And more importantly: we need to talk about why everything collapsed so quickly.

The Launch of the TRUMP Coin and Its Devastating Consequences

Days before Trump took office, he launched his own meme coin. When I first heard about it, my reaction was absolute skepticism — a sitting president launching a token in his own name weeks before taking office? It seemed too absurd to be true. But it was real, and the explosion was immediate.

The TRUMP coin went from virtually zero to billions of dollars in market cap within hours. People who bought in the first minutes reaped extraordinary gains — we’re talking about amounts that change lives. There were reports that Trump and his family accumulated hundreds of millions of dollars from the move. For those who got in early? Unimaginable profits.

The problem is that 95% of people didn’t get in at the start. Most bought when the coin was already at high levels, convinced that failure was impossible — after all, it was the president of the United States’ coin. Ordinary people invested their savings. Young students put in their few savings. Parents risked money hoping to generate extra income for their families. All shared the same belief: this would be different because it bore the presidential seal.

It wasn’t different. The TRUMP coin plummeted 80-90% from its peak, leaving financial destruction in its wake. And Trump’s response? Absolute silence. Not a single tweet. No statement of responsibility. No attempt to explain. He made his money and simply moved on as if thousands of people hadn’t just lost their savings.

That was the moment it became clear: maybe the narrative of the “benevolent crypto president” wasn’t exactly what everyone believed it to be.

The Promises That Never Materialized

After taking office, Trump fulfilled some of his crypto promises. Gary Gensler, then SEC chairman, was ousted — a victory celebrated by the community. Some moves were made toward more favorable regulation. These steps seemed to validate the initial optimism.

But then… nothing happened.

The Bitcoin strategic reserve? No significant progress. Turning America into the crypto capital of the world? It didn’t materialize. The revolutionary regulatory milestones? Still waiting. Instead, focus shifted to trade tariffs, possible economic and political wars that kept traditional markets nervous.

And here’s the crucial detail: when traditional markets get nervous, crypto suffers disproportionately. Bitcoin began its steady decline. From $100K it dropped to $95K, then to $85K, then to $75K, and now hovers around $68K. Altcoins suffered even more, with many assets losing 50-70% of their peak values. Ethereum, which many predicted would reach $10K, is at $1.98K. BNB, expected at $3K, is trading at $624.

The “pump” attributed to Trump is over. No one liked to admit it, but the undeniable truth was there.

The Bitterest Lesson: Politics Is Not Security

What really bothers me about all this is the following: thousands of ordinary people placed absolute trust in Trump because they believed a president wouldn’t discredit his own supporters. They weren’t experienced traders or hardened speculators — they were regular citizens who thought: “If the president of the country is launching this, it can’t be a scam. It must be safe.”

They were wrong. And Trump’s silence after the catastrophe proved a crucial point: political figures are not in the business of protecting their supporters — they’re in the business of their own interests.

The crypto community quickly turned the page, as it usually does, and moved on to the next narrative. But this moment should have served as a monumental warning sign. If Trump wasn’t willing to support his own coin when it was collapsing, why would anyone believe he would save the entire crypto market? The pattern was set: seize opportunities when they arise, profit while you can, and if someone suffers in the process, that’s a price not worth disturbing your peace of mind.

August 2026: Reality Imposes Its Consequences

We are now in February 2026, and the situation is discouraging. Bitcoin remains around $68K — a brutal drop from the peaks of hope. Ethereum is well below initial projections. BNB has receded significantly. Those portfolios you once enjoyed sharing a few months ago? Now we prefer not to mention them.

Trump remains president. He remains nominally “pro-crypto.” But the grand promises — those that seemed so concrete as the numbers kept rising — simply never materialized. Instead, we see discussions about leaving trade agreements like USMCA, which could trigger more volatility and pressure on markets.

This is the reality we must accept: Trump is not your crypto ally. He’s not your savior. He’s a politician and businessman who identified an opportunity and exploited it with total impunity. The saga of the TRUMP coin was just concrete proof of that. He profited and walked away without looking back.

Markets Don’t Respond to Hope, Only to Reality

This may sound cynical, but it’s a truth the crypto market often ignores: narratives do not move markets sustainably. The presence of a president nominally pro-crypto does not determine whether Bitcoin goes up or down. The enthusiasm of influencers and YouTubers claiming $200K is “inevitable” doesn’t change the fundamental market dynamics.

Markets follow their own laws. After a significant appreciation, what naturally follows is a strong correction. That’s the regularity of cycles. Reckless rises are followed by proportional falls. The presence of any political figure doesn’t eliminate these economic realities.

What we’ve seen in recent months is exactly that: the normal behavior of a market after an extraordinary pump. Expectations cannot sustain an asset indefinitely when fundamental conditions do not justify them. Vague promises do not replace concrete progress.

The final lesson is simple but hard to accept for those emotionally invested in their positions: the market is indifferent to our hopes. It doesn’t matter who the president is. It doesn’t matter how many rocket emojis you post. Economic reality always wins.