Animoca’s Yat Siu: Crypto Mispriced 2025 by Betting Too Much on Trump

[cryptoenthusiast]

Animoca Brands co-founder Yat Siu says 2025 will be remembered as the year crypto over-trusted Donald Trump — and paid the price. While many expected a pro-crypto boost, Bitcoin is heading toward one of its weakest years, and broader risk assets struggled amid tariff threats and political uncertainty.

“If I had to grade it, I’d say B-/C+,” Siu said, noting traders treated Trump as if crypto were a top priority, when it clearly wasn’t. Tariffs, trade wars, and Federal Reserve tensions took precedence, weighing on sentiment.

According to Siu, the failed “Trump trade” exposed how heavily the market leaned on political narratives instead of fundamentals.