Crypto: Bitcoin Offers ‘no Haven’ From Trump’s Greenland Dreams 2026
US President Donald Trump has decided not to invade Greenland, which gives Bitcoin some relief from the geopolitical pressures that have been weighing on its price chart.
The world breathed a small, collective sigh of relief on Wednesday when US President Donald Trump said he would not use force to take over Greenland during a rambling, hour-long speech to a crowd of world leaders in Davos.
Trump argued why the US should rightly own Greenland, ostensibly as a bulwark against Russian or Chinese influence in the region. However, he walked back some worrying rhetoric about military action, stating that he would not use force to take over Greenland, which itself is an autonomous region of Denmark. He scrapped plans to use tariffs to pressure allies to go along with his acquisition plans.
Indeed, he walked away from Davos with a supposed “framework of a future deal.” Bitcoin (BTC) responded positively to the news, bumping up from around $87,000 to $90,000 as the evening came to a close.
Amid the geopolitical tensions that have been escalating over the last month, some analysts increasingly note the effect it has on Bitcoin’s price.
Since the beginning of the year, the White House ramped up threats of taking over Greenland. Doing this by force would essentially be declaring war on Denmark, a fellow NATO member.
Trump further threatened additional 25% tariffs on countries that opposed his plans to acquire Greenland. In personal messages Trump later published to social media, French President Emmanuel Macron said, “I do not understand what you are doing on Greenland.”
Bitcoin’s price didn’t either. It sank from around $110,000 at the beginning of November 2025 to below $90,000 by Nov. 21. Since then, it has struggled to break $90,000. In the last week, Bitcoin fell from $96,000 to $88,000.
Chris Beauchamp, chief market analyst at investing and trading platform IG, wrote in a newsletter on Jan. 19, “Cryptocurrencies offered no haven from the wave of selling that washed over global markets in response to Trump’s threat.”
He said that “Bitcoin’s run at $100K was stopped in its tracks last week, and while the $90,000 level has yet to be tested it looks like the recovery is on pause for now.” The Greenland situation added to “what was an already busy week,” with major crypto exchange Coinbase withdrawing its support from a crypto framework bill.
Source: CoinTelegraph
