{"id":91146,"date":"2025-11-18T14:25:39","date_gmt":"2025-11-18T11:25:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91146"},"modified":"2025-11-18T14:31:54","modified_gmt":"2025-11-18T11:31:54","slug":"charles-hoskinson-finds-trumps-impact-on-crypto-underwhelming","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/charles-hoskinson-finds-trumps-impact-on-crypto-underwhelming\/","title":{"rendered":"Charles Hoskinson finds Trump\u2019s impact on crypto underwhelming"},"content":{"rendered":"<p>President Donald Trump\u2019s administration has proved \u201ca little unhelpful\u201d for the crypto industry, despite early hopes of a \u201cmagic net positive\u201d. So said <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cardano-ada\">Cardano<\/a> co-founder Charles Hoskinson.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\uddfa\ud83c\uddf8 NEW: Cardano co-founder Charles Hoskinson (<a href=\"https:\/\/twitter.com\/IOHK_Charles?ref_src=twsrc%5Etfw\">@IOHK_Charles<\/a>) explains at the <a href=\"https:\/\/twitter.com\/MidnightNtwrk?ref_src=twsrc%5Etfw\">@MidnightNtwrk<\/a> Summit 2025 why many expected the Trump administration to be a \u201cmagic net positive\u201d for the crypto ecosystem \u2014 even if it has been \u201ca little unhelpful\u201d so far. <a href=\"https:\/\/t.co\/sEdhjSU6Df\">pic.twitter.com\/sEdhjSU6Df<\/a><\/p>\n<p>\u2014 CoinDesk (@CoinDesk) <a href=\"https:\/\/twitter.com\/CoinDesk\/status\/1990445096492277900?ref_src=twsrc%5Etfw\">November 17, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Speaking at the Midnight Summit, he acknowledged that many in the community, himself included, had expected an unambiguously positive impact from the Trump administration. On the campaign trail, the politician made cryptocurrencies one of the main planks of his platform.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBut sometimes, when someone big and strong hugs you, they can do it too hard \u2014 so hard they just break your ribs. Just like in <span data-descr=\"Eng. The Goonies \u2014 an adventure comedy film directed by Richard Donner in 1985\" class=\"old_tooltip\">The Goonies<\/span>,\u201d Hoskinson noted.<\/em><\/p>\n<\/blockquote>\n<p>In his view, <span data-descr=\"a reference to the 1996 dot-com market\" class=\"old_tooltip\">irrational optimism<\/span> and meddling with the usual four-year market cycle have created extra complications for the industry. The Cardano co-founder stressed that the community now has to \u201cdeal with all this\u201d, adapting to a new regulatory reality.<\/p>\n<h2 class=\"wp-block-heading\">The real impact of Trump\u2019s policy on the crypto market<\/h2>\n<p>Donald Trump\u2019s pledges to make crypto a priority for the American economy have turned into an unexpected stress factor for the market.<\/p>\n<p>According to The Kobeissi Letter, over 41 days the industry has shed $1.1 trillion in market capitalisation \u2014 an average decline of roughly $27 billion per day.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">What is happening in crypto?<\/p>\n<p>Over the last 41 days, crypto has erased -$1.1 trillion in market cap, or -$27 billion PER DAY.<\/p>\n<p>Crypto market cap is now ~10% BELOW levels seen during the record -$19 billion liquidation on October 10th.<\/p>\n<p>This is a structural move. Let us explain. <a href=\"https:\/\/t.co\/5JXKFSCPXV\">pic.twitter.com\/5JXKFSCPXV<\/a><\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1990172348834832454?ref_src=twsrc%5Etfw\">November 16, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Total market size is now 10% below levels seen after the <a href=\"https:\/\/forklog.com\/en\/news\/black-saturday-11-october-what-happened\">October 10\u201311 crash<\/a>. According to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>, at the time of writing it stands at $3.2 trillion.<\/p>\n<p>One trigger for the extended correction was <a href=\"https:\/\/forklog.com\/en\/news\/analysts-identify-causes-of-cryptocurrency-market-crash\">Trump\u2019s announcement<\/a> of 100% tariffs on Chinese imports. Against that backdrop, bitcoin <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-slumps-to-about-111000\">slumped<\/a> to $111,000, and daily liquidations reached $19.3 billion.<\/p>\n<p>The political rhetoric that once inspired hope has instead become a source of additional volatility.<\/p>\n<h2 class=\"wp-block-heading\">Unexpected structural shifts<\/h2>\n<p>Yet the basic indicators remain resilient, making events paradoxical. Despite White House rhetoric in support of the crypto sector, the market keeps falling.<\/p>\n<p>Analysts explain the reaction with structural factors:<\/p>\n<ul class=\"wp-block-list\">\n<li>institutional outflows reached $1.2 billion in early November;<\/li>\n<li>excess leverage amplified the sell-off \u2014 20\u2013100x positions created a domino effect on minimal price moves;<\/li>\n<li>over 16 days there were three sessions with liquidations above $1 billion. <\/li>\n<\/ul>\n<p>All this has heightened market hypersensitivity. The <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cryptos-fear-and-greed-index\">Fear and Greed Index<\/a> fell to 10 (an \u201cextreme fear\u201d zone), even though since the April low the price of the leading cryptocurrency has risen by 25%.<\/p>\n<p>Correlations with traditional assets have also broken down \u2014 gold has outpaced bitcoin by 25 points since early October, while Ethereum is down 35% amid a broader rise in risk assets.<\/p>\n<p>Experts see a \u201cstructural bear phase\u201d, in which the fundamental value of cryptocurrencies is improving but market dynamics are dictated by mechanical factors.<\/p>\n<p>Even so, The Kobeissi Letter expects a near-term bottom, citing a record global M2 ($137 trillion), stimulus in Japan ($110 billion) and forthcoming <a href=\"https:\/\/forklog.com\/en\/news\/expert-predicts-bitcoin-rally-due-to-trumps-helicopter-money\">\u201ctariff dividends\u201d in the US<\/a>.<\/p>\n<p>All this could restore balance, but for stability the market must first overcome its structural leverage issues, the analysts concluded.<\/p>\n<h2 class=\"wp-block-heading\">An October signal<\/h2>\n<p>Amid the deteriorating structure, analysts have also observed changes in behavioural dynamics.<\/p>\n<p>In October, Placeholder partner Chris Burniske warned that the sharp drop \u201cbroke crypto for a while,\u201d making it difficult to quickly rebuild sustained demand.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Increasingly convinced last Friday&#8217;s massacre broke crypto for a while \u2014 hard to quickly develop a sustained bid, after such a meltdown. This cycle has been disappointing for most, which can paralyze action as people hope for bluer skies, or former ATHs. It&#8217;s easy to get caught\u2026 <a href=\"https:\/\/t.co\/2dEU9rSaLV\">pic.twitter.com\/2dEU9rSaLV<\/a><\/p>\n<p>\u2014 Chris Burniske (@cburniske) <a href=\"https:\/\/twitter.com\/cburniske\/status\/1979046848649470358?ref_src=twsrc%5Etfw\">October 17, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This cycle has disappointed many investors \u2014 paralysing activity and prompting them to wait for a return to previous highs, the expert said.<\/p>\n<p>He also pointed to worrying signals from gold, credit markets and <a href=\"https:\/\/forklog.com\/en\/news\/peter-schiff-calls-strategys-model-fraudulent-and-challenges-michael-saylor-to-a-debate\">Strategy<\/a>. Burniske stressed that the stock market \u201cwill get the message last\u201d.<\/p>\n<p>He allowed for a weak bounce but said he had shifted his strategy towards \u201cmore cash\u201d. He will consider re-entering around $75,000 in bitcoin or lower, while the key level to watch now is $100,000.<\/p>\n<p>At the time of writing the leading cryptocurrency is trading around $91,500. On 18 November the asset\u2019s price <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-falls-below-90000-for-the-first-time-in-seven-months\">fell<\/a> to $90,000 for the first time in seven months.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"600\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-c75e80ae625e250d-9857773686503802-1024x600.png\" alt=\"image\" class=\"wp-image-269957\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-c75e80ae625e250d-9857773686503802-1024x600.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-c75e80ae625e250d-9857773686503802-300x176.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-c75e80ae625e250d-9857773686503802-768x450.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-c75e80ae625e250d-9857773686503802-1536x900.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-c75e80ae625e250d-9857773686503802.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/atJ4mYHE\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>Earlier, Bernstein analysts <a href=\"https:\/\/forklog.com\/en\/news\/bitcoins-25-correction-deemed-short-term-by-bernstein-analysts\">described<\/a> the 25% correction in bitcoin as \u201cshort-term\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump\u2019s administration has proved \u201ca little unhelpful\u201d for crypto, said Cardano co-founder Charles Hoskinson.<\/p>\n","protected":false},"author":1,"featured_media":91147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Hoskinson says Trump\u2019s crypto impact is underwhelming and adds volatility.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1401,471,991,26],"class_list":["post-91146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cardano-ada","tag-charles-hoskinson","tag-donald-trump","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"175","promo_type":"1","layout_type":"1","short_excerpt":"Hoskinson says Trump\u2019s crypto impact is underwhelming and adds volatility.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91146"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91146\/revisions"}],"predecessor-version":[{"id":91148,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91146\/revisions\/91148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91147"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}