Trump needs an Epstein diversion. Is he about to break up with Bitcoin?

For weeks, there’s only been one topic in the American media: the so-called “Epstein Files,” aka the client list of the millionaire sex trafficker who died in 2019. President Donald Trump is determined to shift the focus to a different topic and has tried everything to keep Epstein out of the press, but nothing sticks. According to Wired, a break with crypto is therefore imminent.

Andreesen

The love affair between crypto and Trump seems incredibly strong right now, having begun during the Republican presidential campaign back in the second half of 2024. When it became clear last November that Trump had won the presidential election, Bitcoin broke record after record.

In June of this year, Congress debated two bills that would facilitate the trading of digital currencies in the United States and expand the trading of stablecoins.

However, the Epstein scandal is such a major problem for Trump that Wired magazine is convinced that crypto is the next object the President will use as a diversionary tactic.

According to them, the investment firm 16z (owned by Marc Andreessen) and Coinbase’s management have been making overtures to the Democratic Party for some time in the past few weeks and months, and Trump will use this as a reason to end his love affair with Bitcoin.

These were the two major companies that switched sides from the Democrats to the Republicans last year and provided Donald Trump with the necessary funds to win at least some of the local elections.

Will Bitcoin become the next victim of the Epstein scandal? It would be a major blow for crypto.