Bitcoin Under Trump Vs Biden: Who Actually Helped Crypto the Most?
Market data suggests Bitcoin performed better under Biden's term despite Trump's pro-crypto rhetoric and regulatory shifts.Summary
The article compares the impact of the Trump and Biden administrations on the cryptocurrency market, finding the results nuanced when separating rhetoric from market data. While Donald Trump positioned himself as pro-crypto, promising to halt anti-crypto actions, Bitcoin was down nearly 5% near the end of 2025 under his leadership (as of December 26). Conversely, during Joe Biden's first year, Bitcoin gained about 65%, with significant rebounds in 2023 (155%) and 2024 (120.7%).
Under Trump's current term, initial optimism led to a new BTC high above $109,000 and the SEC creating a transparent regulatory task force. However, subsequent tariff announcements caused market pullbacks. Regulatory changes accelerated after Gary Gensler's departure from the SEC, leading to the approval of spot Bitcoin and Ethereum ETFs, and later, generic listing standards that allowed for ETFs linked to assets like SOL and XRP. Despite this regulatory expansion, net inflows into Bitcoin ETFs slowed in 2025 compared to 2024.
Furthermore, the Trump family became directly involved in crypto ventures, earning over $800 million from asset sales in the first half of 2025, though their associated meme coins and ventures like American Bitcoin Corp have since suffered steep declines. In conclusion, while Trump's administration lowered regulatory barriers and expanded product access, Bitcoin's strongest historical gains occurred under Biden.
(Source：BeInCrypto)