In a Substack piece this week entitled "The Trump Trade is Unraveling," Krugman, who has long criticized the leading cryptocurrency, wrote that President Donald Trump's plunging polling numbers are having a negative effect on Bitcoin's price. But 2025 hasn't been all smooth sailing for Bitcoin and other digital coins and tokens—especially recently—despite the Republican signing pro-crypto laws: The space has suffered more volatility due to the president's trade war, including a record $19 billion in liquidations on October 10 following a threat made against China. Users on Myriad—a prediction market operated by Decrypt's parent company, Dastan—remain optimistic that Bitcoin's next stop is more likely to be a rise to $100,000 than a plunge to $69,000, giving the higher option a more than 70% likelihood as of this writing.
Author: Mathew Di Salvo
Published at: 2025-11-26 21:59:47
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