Bitcoin Drops To $105,000 After Trump Warns He’s ‘No Longer Mr. Nice Guy’
Despite years of positioning as “digital gold,” Bitcoin‘s (CRYPTO: BTC) swift drop below $105,000 reveals a sobering truth: the asset still trades like high-beta tech, not a geopolitical hedge, though experts believe a shift may be underway.
What Happened: After President Donald Trump on Friday declared on Truth Social that China had “totally violated” its trade agreement and warned that the U.S. is “no longer Mr. Nice Guy,” markets responded swiftly.
Equities sold off, and Bitcoin, which had traded above $109,000 on Tuesday, retreated below $105,000 on early Friday.
That reaction prompted analysts and industry leaders to weigh in on what the move says about crypto’s current and future position in institutional portfolios.
“Bitcoin’s sharp drop underscores its sensitivity to macro shocks, challenging its narrative as a reliable hedge,” Andy Lian, intergovernmental …
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