The surge of Bitcoin, Tesla’s downturn in Europe, and the high expectations for Nvidia all share a common thread: the political backdrop of President Donald Trump’s second term. This analysis explores how his administration is influencing three of the market’s most closely watched names.

Bitcoin Soars—Thanks to Trump?

Bitcoin reached a new all-time high of $111,891 on May 22, 2025, and remains steady around $109,000, according to data from Coinbase. While many factors have contributed to the rally, the current political climate in the United States plays a significant role.

President Donald Trump’s second term has taken a more tolerant stance toward cryptocurrencies. While he once criticized Bitcoin as volatile and unbacked, his administration has so far avoided any new regulatory crackdowns. For investors, this has been interpreted as an implicit green light. Tax cuts and favorable policies toward high-net-worth individuals have also funneled new money into alternative assets like crypto.

As reported by Gate.io, institutional adoption and renewed interest from hedge funds—seeking protection from geopolitical shocks and inflation—have helped drive the cryptocurrency to record highs.

Tesla: a punishment from consumers?

In contrast to Bitcoin’s momentum, Tesla is losing ground—especially in Europe. Electric vehicle sales rose by 34% across the continent in April 2025, but Tesla’s figures tell a very different story. According to Investopedia and Infobae, Tesla sold 7,261 cars in Europe that month, a 49% year-over-year drop. Its market share declined from 1.3% to 0.6% in just one year.

There are two main reasons for this. First, stiffer competition from brands like BYD, Volkswagen, and Stellantis. Second, and more politically charged, is consumer backlash. Many European buyers now associate Tesla with Elon Musk’s close ties to Donald Trump, which are unpopular among environmentally conscious and progressive consumers.

As reported by The Wall Street Journal, signs of a boycott are emerging, driven not by product performance but by the company’s symbolic alignment with Trumpism.

Nvidia Between AI Boom and Trump’s China Restrictions

Nvidia remains one of the biggest winners in the AI revolution. The chipmaker posted $39.3 billion in revenue last quarter—up 78% year-over-year—and is projected to hit over $43 billion in the next quarter, according to the company’s investor relations reports.

But the growth story has some shadows. The Trump administration has imposed strict limits on the export of high-end GPUs to China, including Nvidia’s H100 and H200 chips. These sanctions have led to an excess inventory, which could cost Nvidia up to $5.5 billion in unsold stock.

According to Estrategias de Inversión, Chinese tech giants like Alibaba, Tencent, and ByteDance have nonetheless placed significant orders for Nvidia’s China-approved H20 chips—valued at around $16 billion. The company finds itself balancing huge demand with the limitations of U.S. policy.

This contradiction—booming global demand but restricted access to one of the largest markets—is a direct result of Trump’s increasingly assertive tech containment strategy toward China.

Three Assets, One Political Backdrop

Bitcoin, Tesla, and Nvidia may operate in very different sectors—finance, automotive, and semiconductors—but all three are being shaped by one man’s second term in office.

From deregulation and protectionism to symbolic alignments and international tech controls, President Donald Trump’s influence is undeniable. Markets are not just reacting to earnings and forecasts. They’re reacting to a political narrative.

In Trump’s America, market value is increasingly a matter of power, perception, and policy.