Bitcoin Rises Despite Clumsy Governments, But It's Still Risky, and Recommending It Is Irresponsible

We live in strange times. When the world’s most powerful presidents treat the market like a casino, pushing prices up and down based on personal impulses and convenience, it’s a clear sign that something is deeply wrong. That “game” may work for a while, but it has an expiration date — especially if there's no strategy, only instinct.

My name is Ricardo Gurgel, I’m an engineer and economic analyst, and today is one of those days when Bitcoin once again rises from the noise and leaves us intrigued.

The principle that scarcity holds more value than abundance has existed since long before humans populated the Earth. Today, we’re witnessing another chapter of uncertainty coming from the United States. Just over 100 days of Donald Trump in power has already shaken global faith in the dollar — something unthinkable not long ago.

The market reacted with excitement to Trump’s victory. U.S. stocks rode the wave until the end of 2024. But the new president decided to adopt Brazilian-style protectionist policies, issue contradictory measures, say one thing in the morning and deny it at night. At times, it felt like he was reading failed economic policy manuals or watching Maduro speeches on YouTube. His style poisons American capitalism and spreads uncertainty even among allies.

The Dollar Fades and Bitcoin Rises

Today, there’s far less confidence in betting on the dollar. It’s no longer the unquestionable safe haven. That shift dragged other currencies down with it — including Bitcoin, which for a while fell even faster than the dollar, displaying its infamous volatility. It looked like Bitcoin was being pulled down by the same gravity dragging the dollar lower.

But something changed.

Exchange markets began resisting excessive Bitcoin losses. The digital currency stopped falling more than the so-called “official” currencies, which had become speculative toys. Yes, altcoins have always been treated as jokes — but this time, the market stopped laughing. Trump’s antics with the U.S. economy started hitting the dollar directly, and Bitcoin began to decouple and show signs of recovery.

There are still big players trying to manipulate the market, and Bitcoin is not immune to that. But its decentralization seems to be pushing back — rebelling, even. The path ahead is uncertain. This recent surge feels like a response to the madness of U.S. economic policy. While some of Trump’s decisions were favorable to Bitcoin, many others brought damaging side effects.

So, what now?

With the U.S. economy in a crisis of credibility, where can we turn? Other countries have fragile economies or leaders just as lost. Some, both. And in that scenario, Bitcoin appears as an almost inevitable option — a currency outside the control of unstable governments.

But a word of caution: I do not recommend buying or selling Bitcoin. Not at all.

The political and economic chaos might push us toward decentralized currencies, but that doesn’t mean they’re good investments. The risk is massive. Anyone buying today could suffer brutal losses.

And I say this sincerely: my exposure to Bitcoin is minimal. Losing my entire investment wouldn’t hurt me significantly. Blind faith in any asset is foolish. Every market, to some extent, is built on speculation.