Democrats Slammed for ‘Yikes’ Tweet Mocking Crypto Crash

Crypto News Cryptocurrencies

Written by Aaron S.,

Editor-In-Chief

Last Updated: February 06, 2026

Key Takeaways

Democrats drew backlash after posting “yikes” on X beside Bitcoin losses and President Donald Trump’s image;
Crypto leaders said the post mocked investors’ pain and ignored bipartisan ownership;
Critics warned the tone could hurt Democrats’ standing with pro-crypto voters.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

Democrats Slammed for ‘Yikes’ Tweet Mocking Crypto Crash

BITDEGREE IN YOUR SOCIAL FEED

The Democratic Party faced criticism from crypto supporters on February 6 after its official X account posted the word “yikes” alongside an image mocking cryptocurrency losses.

The image showed BTC $68,573.26 decline beside a picture of US President Donald Trump wearing a MAGA hat. Many in the crypto industry said the post ignored the real financial impact on everyday investors, not just political opponents.

Custodia Bank CEO Caitlin Long replied that the message seemed to make fun of people who had lost money, including many Democrats.

What is a Crypto Wallet? (Explained With Animation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

She wrote, “The sad thing about this tweet is that you're gloating in a lot of Democrats' painful financial losses right now. You do know that many Democrats own crypto too, right?”

Others also expressed concern that the post could turn voters away. Tyler Winklevoss, co-founder of Gemini $555.27M , reposted the image with the comment, “It was always political persecution".

Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, said, “Probably not the message you want to be sending to the crypto community before midterms".

Former White House Communications Director Anthony Scaramucci also criticized the Democrats’ post. He said, “The best thing Trump has going for him is the incompetence of Democrats on this topic".

Meanwhile, Bitmex $1.96M founder Arthur Hayes shared his view that Bitcoin might finally see movement after weeks of trading flat. What did he say? Read the full story.