Looking at the grand scheme of things:
If Trump is starting a new precious metal backed currency, I think he would not want a competing alternative currency. We are giving the American people a new start and the thought of a competing currency would be counterproductive. Also, a new currency that is tied to the price of precious metals makes cryptos redundant if not obsolete.
The inflationary process from fiat money printing is no longer a threat. The new currency solves that problem that crypto was trying to evade.
I hear the tax code will be revamped; federal income taxes eliminated; all revenues will be gathered from a sales tax. A crypto currency would also be counterproductive to the new tax system Trump has in mind. I myself have never purchased anything using crypto: I don't know if a tax is included with crypto purchases: I know much of the internet-based purchases were tax free for many years. If people are using crypto to make purchases and a sales tax is not being incorporated, this would eat into tax revenues, the government would probably frown on this.
People go on and on about the inherent protections that the blockchain system provides however, the powers that be can tank shit in a moment's notice. Pulling out profits and running away before anyone knew what happened. If you don't see it as a ponzi scheme, you are not looking close enough. If all the big investors collude against you behind closed doors, the little man gets caught holding a empty bag. The big investors might go to jail but I doubt you would get your money back.
Here are the graphs for 2 of the big cryptos: its not looking good and it might be a good time to get out and leave the big investors holding a empty bag. I think if you try to stay in and recoup losses, its just going to get uglier for you.
I see the downturn in the markets as just a correction. They were artificially inflated with all the stimulus spending. The lost stock value won't be felt so hard when the new currency gets up and running. The inflation will be brought under control, prices for everything will fall to unseen lows because the value of our new currency will be sound. That means your remaining wealth in your retirement accounts will go much further thus negating the loss you are currently taking. Remember the prices of the 1960's? I think that is where we are going. When a dollar was worth a dollar.
Obviously there are still many unknowns but the new monetary system I described above has been floating around for a few years. I think its coming to fruition. Dave from X22 see the Federal Reserve going away and taking their debt with them. We will trade our fiat dollars in at a specific exchange rate, get new Trump bucks and the Fed can take all their fiat dollars and GTFO. We will be free of their debt enslavement.
Stay safe my frens!!!