**[Opinion: Bitcoin's Decline Linked to Trump's Falling Approval Ratings]** Odaily Planet Daily reports that Bitcoin critic and economist Paul Krugman stated in a blog post that the recent drop in Bitcoin ($BTC) is not a coincidence but is related to the declining poll numbers of U.S. President Trump, who supports cryptocurrency. In his Substack article titled *"The Trump Trade is Unraveling"*, Krugman wrote that Trump's plummeting poll numbers have negatively impacted Bitcoin's price. He argued that Trump had promised to support the digital asset industry and promote pro-crypto policies, making Bitcoin essentially a bet on "Trumpism." He added that President Trump's apparent weakening of power has diminished his efforts to advance cryptocurrency, thereby affecting Bitcoin's price. Krugman has long been a critic of Bitcoin, asserting that it is economically useless—neither a payment medium nor a hedge against inflation—and behaves more like a highly volatile tech stock. (Decrypt)