Isn't the decline in value of national fiat currency supposed to be the thing we were told would drive crypto higher as a hedge? What is the cryptocurrency community answer as to why that isn't working here? Gold and silver are down substantially too from their recent record highs. Where is the money going that are exiting these markets?

Crypto is losing value because it never had true value. Now that serious world-changing fascist shit is hitting the fan, get-rich-quick crypto enthusiasts are dumping their dangerous play money for something that has a chance to keep its value in turbulent times.

Also, everything Trump touches becomes toxic. If I was doing crypto, seeing this madman and his idiot sons go all in on crypto would scare the shit out of me. Remember: he bankrupted 4 to 6 casinos depending on how you count. Who the hell bankrupts a casino?? It's a virtual money printer! If Trump can make a guaranteed successful business like a casino go tits up, imagine what he and his dumb scammy family and friends can do to crypto...

Crypto is losing value because it never had true value.

There is one value crypto has that is an incredibly small edge case that is so small it isn't worth mentioning. I agree the value of crypto is totally overblown and is not an investment asset.

crypto enthusiasts are dumping their dangerous play money for something that has a chance to keep its value in turbulent times.

I'm guessed this too, but to what? What is still maintaining value when crypto, dollars, and precious metals are all falling? Are they just choosing the that is falling the least fastest?

drive crypto higher as a hedge … why that isn't working here

It is going higher. It’s stuck in this odd 4-year cycle. Gets a bit flatter every time, but still swings pretty hard!

I’ve been engineering in the industry for 13 years now. Every time it swings down it is declared dead. Lots of people celebrate its death due to the insufferable nature of crypto bros. Immutable, instant, digital tokens are indeed a priceless tool for scammers and gamblers.

Yet it continues to reach new all time highs every 4 years, almost like clockwork.
2013 $1,000
2017 $20,000
2021 $65,000
2025 $128,000

On a logarithmic chart it makes a curve similar in shape to the smoothed effect of a halving every 4 years, which is how supply is algorithmically controlled.

I’ve been engineering in the industry for 13 years now. Every time it swings down it is declared dead.

I'm not saying its dead (even if I see no value in crypto myself). I'm pointing out that the main behavior that Bitcoin is suppose to have, strength against collapsing fiat currency, is absent. At a time when the formula should have Bitcoin shining and rising, its instead falling like a rock far worse than equities which can be quite volatile themselves.

It is going higher. It’s stuck in this odd 4-year cycle. Gets a bit flatter every time, but still swings pretty hard!

I had just been introduced to this 4 year cycle theory in the past couple of weeks. An issue with it is that the predicted 4 year decline should have happened in 2026, but instead it was in Oct 2025. Its early this time. Or said another way: the 4 year cycle theory isn't holding anymore.