Summary
- Bitcoin slides to lowest since November 2024
- Losses for the year so far at more than 20%
- Crypto market has lost $2 trillion since October peak
- Rout may be triggered partly by Warsh selection
Make Bitcoin Zero Again
Trump is so damn dumb his policies are driving down the value of his own crypto scams.
Good. This makes Bitcoin mining less lucrative. I agree with the idea of Bitcoin but don’t like how only a few mining operations run the entire thing.
Tether is ballooning the crypto market. It’s such a giant obvious scam but enough morons have fallen for it.
I remember hearing about tether like a decade ago now and I can’t believe it’s still going.
Isn’t the decline in value of national fiat currency supposed to be the thing we were told would drive crypto higher as a hedge? What is the cryptocurrency community answer as to why that isn’t working here? Gold and silver are down substantially too from their recent record highs. Where is the money going that are exiting these markets?
Crypto is losing value because it never had true value. Now that serious world-changing fascist shit is hitting the fan, get-rich-quick crypto enthusiasts are dumping their dangerous play money for something that has a chance to keep its value in turbulent times.
Also, everything Trump touches becomes toxic. If I was doing crypto, seeing this madman and his idiot sons go all in on crypto would scare the shit out of me. Remember: he bankrupted 4 to 6 casinos depending on how you count. Who the hell bankrupts a casino?? It’s a virtual money printer! If Trump can make a guaranteed successful business like a casino go tits up, imagine what he and his dumb scammy family and friends can do to crypto…
Crypto is losing value because it never had true value.
There is one value crypto has that is an incredibly small edge case that is so small it isn’t worth mentioning. I agree the value of crypto is totally overblown and is not an investment asset.
crypto enthusiasts are dumping their dangerous play money for something that has a chance to keep its value in turbulent times.
I’m guessed this too, but to what? What is still maintaining value when crypto, dollars, and precious metals are all falling? Are they just choosing the that is falling the least fastest?
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The MSM-CNBC types think it has to do with the new fed chair and his historical high-interest rate mindset, which is generally deflationary which pulls some of the wind out of crypto/precious metals (which would be why those have also dropped a lot in the same timeframe)
/SIL for instance was at 121 on 1/29, all the way down to 70 currently.
drive crypto higher as a hedge … why that isn’t working here
It is going higher. It’s stuck in this odd 4-year cycle. Gets a bit flatter every time, but still swings pretty hard!
I’ve been engineering in the industry for 13 years now. Every time it swings down it is declared dead. Lots of people celebrate its death due to the insufferable nature of crypto bros. Immutable, instant, digital tokens are indeed a priceless tool for scammers and gamblers.
Yet it continues to reach new all time highs every 4 years, almost like clockwork. 2013 $1,000 2017 $20,000 2021 $65,000 2025 $128,000
On a logarithmic chart it makes a curve similar in shape to the smoothed effect of a halving every 4 years, which is how supply is algorithmically controlled.
I’ve been engineering in the industry for 13 years now. Every time it swings down it is declared dead.
I’m not saying its dead (even if I see no value in crypto myself). I’m pointing out that the main behavior that Bitcoin is suppose to have, strength against collapsing fiat currency, is absent. At a time when the formula should have Bitcoin shining and rising, its instead falling like a rock far worse than equities which can be quite volatile themselves.
It is going higher. It’s stuck in this odd 4-year cycle. Gets a bit flatter every time, but still swings pretty hard!
I had just been introduced to this 4 year cycle theory in the past couple of weeks. An issue with it is that the predicted 4 year decline should have happened in 2026, but instead it was in Oct 2025. Its early this time. Or said another way: the 4 year cycle theory isn’t holding anymore.
The ATH was Oct 2025. The exact day and velocity of the rapid decline is certainly not precise to the day. I’d expect the whole cycle thing being even within 6mo of 4 years from the prior.
It’s a guideline, not some magic exact rule.
Also, it’s triggered by the halving of block reward, which is every 210k(?) blocks, not some known time period.
Pierre Poilievre’s economic plan for Canada was to switch to crypto.
