Bitcoin just saw one of its wildest trading days in months. The price briefly spiked to $88,000, only to reverse sharply and plummet to $84,000. The catalyst? Donald Trump.
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Today, Trump officially announced reciprocal tariffs on all countries, reinforcing his stance on global trade protectionism.
“In a few moments, I will sign a historic executive order instituting reciprocal tariffs on countries throughout the world. Reciprocal — that means they do it to us, and we do it to them. Very simple. Can’t get any simpler than that.”
The immediate reaction from Bitcoin traders? A volatile shakeout. But the bigger question is: What does this mean for Bitcoin’s future?
Despite short-term price swings, Bitcoin’s long-term trajectory remains intact. Institutional accumulation continues, with Bitcoin ETFs now holding 1.3 million BTC — 6.2% of total supply. Two years ago, that number was zero.
And it’s not just Wall Street. The Trump family continues to signal support for Bitcoin, with a strong belief that it will revolutionize global finance.
“Bitcoin is going to be the greatest store of value — I have no doubt in my mind about that. Every major country is mining Bitcoin, and the U.S. has the best energy policies to lead this revolution.”
Combine that with two crypto bills currently moving through Congress — the Stablecoin Bill and the Market Structure Bill — and we could see major U.S. tech giants integrating crypto wallets into their platforms as early as this year.
Charles Hoskinson, founder of Cardano, put it simply:
“Once these two bills pass, Apple, Microsoft, Google, and Facebook will say: ‘Hey, we’re crypto people now.’ Three billion users will suddenly have crypto wallets built into their devices. That changes everything.”
