$BTC I saw an article showing that a poll by Morning Consult indicates 48% of Americans believe Trump is responsible for rising oil prices, with only 16% blaming oil companies, 13% blaming global markets, and 11% blaming former President Biden. Over the past month, as geopolitical tensions between the US and Iran escalated, American gasoline prices surged more than 20%, averaging $3.6 per gallon.

The reason many attribute this to Trump is that Americans believe Trump personally ordered military strikes against Iran, directly triggering this Iran conflict and causing disruptions to global oil supply. But that's not all—in the latest Kalshi forecast for the midterm elections, the probability of Democrats winning the House of Representatives rose to 85%, which itself reflects a lack of confidence in the President.

During his campaign, Trump said he would cut energy prices (including gasoline and electricity) in half within 12 months of taking office, bringing gas prices down to below $2 per gallon. I remember reporting at the time that this would be bullish for $BTC mining, but now 12 months have passed, and US oil prices not only haven't halved, they're actually higher than the $3.5 that Trump kept complaining about under Biden.

Trump and the Republicans should be in for a tough time in the midterm elections.

Looking back at Bitcoin's data, all metrics are very normal. Investors have gradually adapted to the current volatility and the $BTC price hovering around $70,000 hasn't triggered emotional swings. Turnover and trading volume are both declining, giving the feeling of gradually entering garbage time—investors are losing interest in current price levels.

This situation is actually beneficial for Bitcoin right now, since we're currently in a period of low liquidity and low sentiment. If we can endure this period and the market receives positive catalysts, such as wars ceasing or the Fed beginning to cut rates, these would be driving forces for price increases. Of course, this likely won't happen until the second half of the year.