The re-election of Donald Trump initially boosted optimism in the cryptocurrency market, creating 11,000 new Bitcoin millionaires between October 7 and November 6, 2024. However, after Trump's return to the White House, the number of BTC addresses holding more than $1 million worth of the coin dropped by 22,279 between January 21 and February 18, 2025. This decline extended across all wallet sizes, with a total of 3.54 million addresses with $1 or more worth of Bitcoin being wiped out. The market downturn can be attributed to various factors, including the release of the Chinese AI model DeepSeek, President Trump's trade policies, and an uptick in fraudulent digital asset launches. Trump's failure to establish a national Bitcoin reserve, despite promises before the election, may have also contributed to the market slowdown.



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