Trump's State of the Union address did not mention Bitcoin and cryptocurrencies, and the market's expectations were disappointed, causing intense price volatility.

February 25 News: U.S. President Trump did not mention Bitcoin, blockchain, or cryptocurrency policies in his important policy speech (State of the Union Address) in February 2026, sparking significant attention in the crypto market. Previously, most investors expected Trump to signal regulation of digital assets, financial innovation, or the development of the crypto industry. His silence on cryptocurrencies quickly became a key variable for traders interpreting macro sentiment.

From the speech content, Trump mainly focused on economic growth, employment, border security, and national security issues, without touching on any policy directions related to digital assets. This silence surprised some supporters in the crypto industry. Over the past two years, Trump has expressed positive attitudes toward Bitcoin and digital finance multiple times and supported crypto-related projects, leading the market to view him as a potentially “crypto-friendly” politician.

Before the speech, the market saw large bets—amounting to millions of dollars—on whether Trump would mention Bitcoin or cryptocurrencies, reflecting a significant increase in the influence of political events on crypto price expectations. Economist Peter Schiff also publicly warned that if the speech did not mention Bitcoin, the market could experience “expectation disappointment volatility.” The actual outcome confirmed this: after it was confirmed that cryptocurrencies were not mentioned, short-term trading sentiment quickly diverged—some investors took profits, while others held their positions, awaiting policy signals.

This event further highlights the rising importance of cryptocurrencies in political narratives. Compared to years ago, when political circles rarely mentioned digital assets, investors now closely link presidential speeches and policy stances with Bitcoin price movements and crypto market sentiment. Although Trump did not make a direct statement, his policy speech is still regarded by the market as a macro signal source.

In the short term, policy uncertainty may increase Bitcoin price volatility, especially amid the interplay of macro policies, regulatory expectations, and political cycles. In the medium term, the market will continue to monitor the future direction of U.S. crypto policies and the public stance of political figures on digital assets, as these factors may persistently influence institutional capital allocation and crypto market risk appetite.