Donald Trump has shown support for bitcoin (BTC), and in response, many bitcoin enthusiasts have rallied behind him.
Nevertheless, despite this mutual endorsement, BTC’s price has experienced a significant decline during Trump’s initial year in office.
At the time of his inauguration one year ago, bitcoin was valued around $101,000; currently, it trades below $90,000.
This represents a drop exceeding 11%, which is notably worse than BTC’s performance during Joseph Biden’s first year as president.
In Biden’s initial term year, BTC started at roughly $36,000 and climbed to about $41,700—an increase close to 16%.
Further reading: ANALYSIS: Charting Donald Trump's expanding cryptocurrency influence
The disparity in BTC's trajectory occurred even though Trump pledged that all BTC would be “produced within the United States” throughout his tenure.
The Trump administration also initiated what is known as the “Strategic Bitcoin Reserve,” accumulating bitcoins under its control for future use or strategy.
Additionally, World Liberty Financial—a company linked to Trump—has acquired substantial amounts of bitcoin as part of its portfolio expansion efforts.
Additional information: World Liberty Financial proposes reciprocal investment arrangements
A number of influential figures in the bitcoin community—including Cameron and Tyler Winklevoss along with Jesse Powell—endorsed Trump's campaign and contributed donations so large they would have been illegal if not returned later on.
Despite these personal ties and political backing between key players and BTC itself under Trump’s leadership hasn’t shown positive momentum. Instead it has lagged significantly compared to its growth during Biden’s administration period.