Trump’s Economic Promises and Reality

US President Donald Trump promised a quick reduction in grocery prices, particularly eggs. However, prices have surged from $4.85 to $8.15 per dozen due to supply issues linked to avian flu.

The Trump administration has focused on cryptocurrency, announcing a national stockpile including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA). Despite this, many cryptocurrencies, including ETH, BNB, BTC, and SOL, have lost value in 2023, with XRP being the only top-five crypto to appreciate, though not surpassing egg prices.

The S&P 500 index has also significantly underperformed eggs, remaining flat this year. Today, the market declined further after Trump instituted a 25% tariff on imports from Canada and Mexico. Elon Musk, a presidential advisor, cautioned that these policies might lead to economic hardship affecting both eggs and BTC.