Trump’s crypto summit unlikely to spark Bitcoin rally, says Alex Tapscott

U.S. President Donald Trump will host his first White House crypto summit on March 7, but Alex Tapscott, managing director at Ninepoint Partners, believes it is unlikely to trigger a meaningful Bitcoin rally, according to Morningstar. Bitcoin has struggled recently, falling from over $94,000 to below $83,000, as concerns over Trump’s tariff policies drive investors away from risk assets. Tapscott said Bitcoin’s recovery depends on improved market sentiment and clear regulatory frameworks, not presidential announcements. Investors are focused on potential legislation, such as a bipartisan stablecoin bill and expanded approval of crypto ETFs, which could drive long-term adoption.