With the U.S. stock market still dropping like a stone, the chances for Bitcoin to reverse its current downtrend are few. It appears that this could all be part of a major strategy by President Trump to lower inflation, and thereby rates, and so be able to refinance $9 trillion of US debt. Can Bitcoin survive this and even rally to a new high?

Trump prepared to let the stock market crash?

President Trump has always been the champion of the U.S. stock market. In his previous term in office he would often point to climbing U.S. stocks and give his view that this was a clear sign of a strong and growing U.S. economy.

It does now appear, at least for the short-term, that Trump has realised that a great way to bring inflation down would be to let the stock market crash. A falling stock …