Bitcoin

The MAGA base's potential adoption of softer China policy represents a structural shift away from 2018-2020 trade war rhetoric, which previously drove capital flight into Bitcoin as a geopolitical hedge. However, with BTC now correlating at 0.85 with Nasdaq due to institutional ETF flows, monetary policy (not geopolitics) dominates near-term price action. A sustained US-China détente could gradually reduce Bitcoin's 'fear premium' but would require months of stable trade data to impact crypto's risk-on/risk-off positioning.

Experts state that Trump's softer approach towards China is expected to influence the wider MAGA base following his Beijing trip.