I’m not here to say “I told you so.”
Back in my previous analysis dated October 4, I clearly highlighted that Donald Trump’s stance toward Bitcoin was indifferent. Subsequently, in my later take from November 5, I emphasized his interest in the crypto space. Ross Ulbricht was not part of those discussions, assuming Trump would honor his commitment to release Ulbricht. This pledge seemed straightforward without any negative repercussions for Trump, especially considering Ulbricht’s lengthy imprisonment.
While I didn’t anticipate Trump authorizing Ulbricht’s release on his first day in office, it was nevertheless a pledge he publicly affirmed he would fulfill. However, Trump also vowed to resolve the crisis in Ukraine promptly, but ongoing conflicts indicate otherwise.
Trump’s reputation as a deceiver is well-documented. He frequently makes statements that align with personal or public sentiments, irrespective of their accuracy. Data shows a staggering number of false or misleading claims during his presidency, raising questions about his credibility.
Despite these concerns, Trump’s recent actions were prolific. He issued a historic 26 executive orders on his inauguration day and granted pardons to over 1500 of his supporters involved in the Capitol Building incident four years ago. Surprisingly, individuals like the QAnon Shaman received clemency, overshadowing Ulbricht’s situation. Nevertheless, hopes remain high that Musk’s prediction on Ulbricht’s release materializes.
This piece represents a personal perspective. The views shared belong solely to the author and do not reflect BTC Inc or Bitcoin Magazine.
