Nobel Prize-winning economist Paul Krugman attributed Bitcoin's recent 30% decline from its October high of $126,080 to the waning political influence of Donald Trump. He believes that Crypto Assets have become a "Trump-style trade," reliant on pro-Crypto Assets policies. After Bitcoin hit a seven-month low of $81,000 last week, it recently traded close to $90,348. Nevertheless, the prediction market still shows a 70% chance that Bitcoin will reach $100,000 rather than fall to $69,000. Krugman maintains that Bitcoin lacks fundamental utility as a currency or an inflation Hedging tool.