(Non-paywalled link)
Good look at the history here, and should make it clear to anyone that Trump's in it for the grift, not to support btc (though it'll get some benefits from his actions).
Last weekend, after Trump previewed the creation of a strategic bitcoin reserve, bitcoin rose 9% in 24 hours to about $93,000. On Thursday, Trump signed an executive order establishing the reserve and a separate stockpile that would include smaller cryptocurrencies, a major win for the smaller tokens that had been lobbying to be a part of the stockpile.