Biden's last 2 years vs Trump's first 15 months:
$BTC: +360.7% → -20.2%
Nasdaq: +76.2% → +38.6%
S&P 500: +51.0% → +30.2%
$BTC led the entire macro rally under Biden. Since Trump took office, equities are ripping while crypto bleeds.
The rotation is real. Liquidity shifted from risk-on degen plays to TradFi. If you're still waiting for "Trump pump part 2", you're fighting the tape.
Data: Jan 2023 to Oct 2026, split at Jan 17, 2025 inauguration close.
$BTC: +360.7% → -20.2%
Nasdaq: +76.2% → +38.6%
S&P 500: +51.0% → +30.2%
$BTC led the entire macro rally under Biden. Since Trump took office, equities are ripping while crypto bleeds.
The rotation is real. Liquidity shifted from risk-on degen plays to TradFi. If you're still waiting for "Trump pump part 2", you're fighting the tape.
Data: Jan 2023 to Oct 2026, split at Jan 17, 2025 inauguration close.