**Bitcoin's 2025 Journey, Performance Determined by Trump-ETF**

Throughout 2025, Bitcoin's performance ($BTC ) was shaped by statements from U.S. President Donald Trump and investor flows into crypto exchange-traded funds (ETFs).

Specifically, Bitcoin's initial journey at the start of the year saw a $1 billion or approximately IDR 16.8 trillion outflow from ETF investors in February.

Then, in March, the U.S. government announced Bitcoin as a national reserve asset. However, the price movement reversed, trading in the range of $80,000 to $90,000.

After March, in April, Trump unexpectedly announced trade tariffs on dozens of countries worldwide. This caused crypto markets to plummet, significantly impacting other investment assets as well.

In June, the U.S. Senate passed the Genius Act, a crypto-related regulatory bill. It took only one month for the Senate to approve the legislation in July.

Finally, Bitcoin's fate was decided in October, when ETF markets experienced euphoria with $1.2 billion or approximately IDR 20.2 trillion in inflows, pushing Bitcoin to a new all-time high of $126,000.

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