First Jerome Powell did his best to wreck the crypto markets...

Then it was Mr. Trump reading from his note cards saying what he had been spoonfed to say about bitcoin and facebook and the crypto markets.

Yet today, we are not looking so bad.

The good thing about bitcoin is that it is global.

If one country comes down on it, there are literally hundreds of other countries globally.

The bad news is that the US accounts for like 50% of all bitcoin trading.

If Trump comes down hard on it, it will hurt he price in the short term guaranteed.

Though, in the long run it probably comes back.