20,000 Bitcoin Millionaires Lost Their Wealth in First 100 Days of Trump's Presidency
Date: 2025-05-01 Author: Henry Casey Categories: CRYPTO PAYMENTS
The analytical company Finbold reported a rapid decline in the number of Bitcoin addresses with a balance of over one million dollars during the first hundred days after Donald Trump's return to the White House. According to them, the main factor was new tariff measures that caused instability in world trade.
The Trump administration's tough protectionist policies, including increased customs duties, have provoked a new round of global trade conflict. Experts compare the current situation with the events of the early 1930s, when the Hawley-Smoot Act caused a deep economic downturn. Such measures, according to TRT Global experts, could lead to capital flight and a fall in leading US stock indices, including the S&P 500, Dow Jones and Nasdaq.
Amid growing trade tensions, the cryptocurrency market has also come under pressure. In March, Bitcoin struggled to maintain its critical price range of $80,000 – $82,000. At the same time, gold continued to grow steadily, breaking through the $3,000 mark, which contributed to the outflow of funds from digital assets to more stable instruments.
According to Finbold's calculations, an average of 233 cryptocurrency addresses lost their millionaire status every day. Analysts note that the overall decline could have been even larger if not for the unexpected recovery of the Bitcoin price in the second half of April - then it rose in price from $75,000 to almost $95,000. However, even this did not return it to the January maximum of $102,204.
Experts interpret this decline as a signal of speculative investors leaving high-risk assets in favor of more reliable forms of capital protection. The decline in the number of Bitcoin millionaires points to a shift in investor sentiment, with investors turning to traditional assets.
Presto Research head of analytics Peter Chang previously described Bitcoin as a dual-natured asset — it can be both a source of high returns and a form of digital gold that can protect against inflation, but not without risk.
