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The crypto circle really does revolve around him, not because he understands crypto, but because one word from him can detonate global risk sentiment.
On March 21st, he issued a 48-hour ultimatum saying he would bomb Iranian power plants, triggering a risk-off panic, $ETH crashed from 2160 to 2045.
On March 23rd, he continued saying they were pausing strikes, claiming good dialogue, risk appetite recovered, $ETH rebounded from the 2000 level back to 2199.
He is the world's largest risk switch.
Middle East, energy, and war expectations directly impact the dollar, US stocks, gold, and crude oil across the board—not to mention crypto.
The crypto circle itself is a news market.
No earnings reports, no cash flow.
Emotions plus capital plus news is everything.
One word from him is the line between going long and going short.
So it's no wonder one word from him decides the outcome.
If I were his relative, that would be great, even a godson would be fine.
$BTC $ETH