protos.com
United States President Donald Trump has marketed himself as the president who truly embraced bitcoin ($BTC), but has his willingness to cooperate with the industry resulted in price appreciation compared to previous administrations?
Protos used data from CoinGecko and CoinMarketCap to plot $BTC’s relative performance up to this point during Barack Obama’s second term, Trump’s first term, Joe Biden’s term, and Trump’s second term.
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The best performance at this point was in Trump’s first term, which saw $BTC appreciate from less than $900 to nearly $8,500, an increase of approximately 850%.
Meanwhile, the worst performance can be seen during the current Trump administration, which has overseen a fall for $BTC from over $101,000 to just over $71,000, a decrease of nearly 30%.
The two Democrat presidents sit between these relative extremes, with Obama presiding over an increase in $BTC’s price from $212 to $584, an jump of around 175%.
Biden and his much-maligned cryptocurrency regulatory regime saw the price increase from approximately $36,000 to $44,000, a rise of 23%.
Trump is the only one of these presidents who has set himself up to profit directly from the crypto industry.
He’s the co-founder emeritus of World Liberty Financial, earns returns from the $TRUMP memecoin and the line of Trump digital trading cards, and Trump Media and Technology Group, the firm behind his beloved Truth Social, has diversified into crypto exchange traded funds.