Former President Donald Trump recently stated that the cryptocurrency market demonstrated greater resilience compared to the stock market during the latest financial downturn. He described the crypto sector as “very popular” and “very hot,” emphasizing its robust performance amid market volatility.
This assertion aligns with recent market movements where, despite a sharp sell-off in U.S. equities triggered by Trump’s announcement of significant tariffs, cryptocurrencies like Bitcoin showed signs of relative strength. For instance, Bitcoin experienced a modest rebound, climbing nearly 1% to around $83,961 even as major stock indices such as the Dow Jones and S&P 500 suffered their worst two-day declines in years. Experts noted that while Bitcoin still reacts to macroeconomic factors like interest rates and dollar strength, it has begun to diverge somewhat from traditional equities, suggesting growing maturity and potential as a distinct asset class.
Adding to the crypto market’s momentum, Trump recently revealed plans for a U.S. government-backed “Crypto Strategic Reserve” that would include major digital assets such as Bitcoin, Ethereum, XRP, Solana, and Cardano. This announcement sparked significant price increases across these cryptocurrencies, with some surging between 8% and 62% in trading sessions following the news. The initiative signals an unprecedented level of official endorsement and could further bolster confidence in digital currencies.
Overall, Trump’s comments and policy moves have injected fresh enthusiasm into the crypto sector, positioning it as a potentially stronger and more popular alternative to traditional stock markets during periods of economic uncertainty.
