Trump's surprise?

[₿itcoin]

Trump could not have picked a better time. Just as the entire crypto market is seen celebrating with bitcoin reaching a new ath and altcoins also gaining significantly, he threatens 50% tariffs on EU to begin on June 1st. Apparently because they have been difficult and unrelentless during the negotiations. I am assuming that this pissed off Trump and which is why he immediately declared straight 50% tariffs on EU.

As expected, the consequences have been quick. Futures for the S&P 500 and the Dow Jones Industrial Average slid 1.5% and Nasdaq futures tumbled 1.7% before the bell. Oil prices fell and Treasury yields sank. Bitcoin, which had recently pushed to new highs, tumbled to $108,500, marking a 2.7% drop in 24 hours.


I do not believe that this will make bitcoin collapse as seen as in many headlines (if you were to ask me, I think a lot of critics are hoping bitcoin crash lol) that I see. It just sucks that this economic/political decision has stopped (for now) bitcoin's journey to more aths.

Who cares if in a year BItcoin will gain at least 10 fold ! ! OMG 10 fold   this type of geopolitical action can only make a short term volatility, nothing else. In a broader context, Bitcoin's fundamentals still remain solid. You know BTC is decentralized not like shit $$, so this gives Bitcoin a position as a headge against traditional market fluctuation. If you're here for long, you must see Bitcoin bouncing back from the same dip, although those dips come from strong hands like macroeconomic FUD. Historically, Bitcoin has shown resilience 

Do you think that had Trump not done this, will bitcoin go on to reach a new ath this week or at least before the month ends or do you think that Trump's announcement did not really make any difference as it would have gone to a similar ending?

Dude its not possible to predict every second's market movement with certainty, obviously I will call it "every second" considering Bitcoin's historical long journey. However, I'm not such an emotional Hodler to deny tariff's impact on Bitcoin, it undoubtedly introduced a variable that affected investor sentiment, but for the short term.

Rather, I will see such a type of correction as healthy for the overall market dynamism. Just like a consolidation before the potential hit 

[Kelward]

It's quite sad that when Trump, takes any tariff decisions it is somehow attributed to Bitcoin price, it actually does one way or another. Somehow it seems like a manipulation to me, whales that are in the know of his plans can take advantage of it and it'll affect demand and supply for sometime. As it is this is not a positive news and we don't know how far it'll affect this bull run but I'm hoping that whatever impact will be on the shortest time. Whatever Minor setback will have a correction in this circle and we will hopefully see more ATH.

[Lida93]

I do not believe that this will make bitcoin collapse as seen as in many headlines (if you were to ask me, I think a lot of critics are hoping bitcoin crash lol) that I see. It just sucks that this economic/political decision has stopped (for now) bitcoin's journey to more aths. Do you think that had Trump not done this, will bitcoin go on to reach a new ath this week or at least before the month ends or do you think that Trump's announcement did not really make any difference as it would have gone to a similar ending?

Trump and the media are a joke thinking that such outburst news can dump bitcoin severely. I feel it's just the usual market reaction towards news of this nature, and more so, the timing of Trump releasing such 50% tariff news on EU could have just been a coincidence with a market correction after the highs bitcoin made during the week.

I am still green on bitcoin this year. I mean this has been the longest bull run I have seen for bitcoin market and certain things must have influenced this long bull which are way beyond Trump's tariff saga.

[knowngunman]

I do not believe that this will make bitcoin collapse as seen as in many headlines (if you were to ask me, I think a lot of critics are hoping bitcoin crash lol) that I see. It just sucks that this economic/political decision has stopped (for now) bitcoin's journey to more aths. Do you think that had Trump not done this, will bitcoin go on to reach a new ath this week or at least before the month ends or do you think that Trump's announcement did not really make any difference as it would have gone to a similar ending?

Just yesterday or so, someone said that bitcoin always remain strong even when the global economy is in disorder but I confidently disagree with him. Bitcoin fluctuation is usually triggered by global economic decisions and this is a good example. Since last week bitcoin has taken a positive rally setting up a new ATH but then taken a slight and sudden decline after pronouncement. Although, it won't make bitcoin to collapse but I believe we all saw what happened in the previous months during America and China drama. If care is not taken the same thing might happen again as the consequences of Trump radical decision.

[cryptomaniac_xxx]

It's quite sad that when Trump, takes any tariff decisions it is somehow attributed to Bitcoin price, it actually does one way or another. Somehow it seems like a manipulation to me, whales that are in the know of his plans can take advantage of it and it'll affect demand and supply for sometime. As it is this is not a positive news and we don't know how far it'll affect this bull run but I'm hoping that whatever impact will be on the shortest time. Whatever Minor setback will have a correction in this circle and we will hopefully see more ATH.

Given that it could be manipulation, then we should stick on what we know, just continue to grow our Bitcoin and accumulate when the price goes down or if we are in a correction. Nevertheless, this will be just minor setback if indeed Trump's announcement will have a effect on us.

Also if I may odd, Trump is really a bringer of chaos. I mean right now with all the Tariffs and issues around the world, he decided to make another surprises. I even heard one of my friends who is in the freight industry that they are also affected as their jobs was doubled as well because of this tariffs. Some of the goods that they delivered across the globe will have to go to their hub because the tariff is not that huge as compare to other countries.

[Danica22]

Just yesterday or so, someone said that bitcoin always remain strong even when the global economy is in disorder but I confidently disagree with him. Bitcoin fluctuation is usually triggered by global economic decisions and this is a good example. Since last week bitcoin has taken a positive rally setting up a new ATH but then taken a slight and sudden decline after pronouncement. Although, it won't make bitcoin to collapse but I believe we all saw what happened in the previous months during America and China drama. If care is not taken the same thing might happen again as the consequences of Trump radical decision.

While many will deny this, the fact is that bitcoin is still just a highly volatile speculative asset and as a speculative asset, it will not do well in a chaotic economy. Investors tend to sell speculative assets and seek safe havens like gold, they only invest heavily in high-risk assets in stable and growing economies. So I also disagree if someone says that bitcoin will be stronger if there is economic or geopolitical instability.
But in the long run, they are not wrong as bitcoin and the market will gradually adapt and recover over time. If tensions between Trump and the EU escalate, Bitcoin will be dumped but will also recover, regardless of whether the war between them ends or not.

[fuguebtc]

It's quite sad that when Trump, takes any tariff decisions it is somehow attributed to Bitcoin price, it actually does one way or another. Somehow it seems like a manipulation to me, whales that are in the know of his plans can take advantage of it and it'll affect demand and supply for sometime. As it is this is not a positive news and we don't know how far it'll affect this bull run but I'm hoping that whatever impact will be on the shortest time. Whatever Minor setback will have a correction in this circle and we will hopefully see more ATH.

Given that it could be manipulation, then we should stick on what we know, just continue to grow our Bitcoin and accumulate when the price goes down or if we are in a correction. Nevertheless, this will be just minor setback if indeed Trump's announcement will have a effect on us.

Also if I may odd, Trump is really a bringer of chaos. I mean right now with all the Tariffs and issues around the world, he decided to make another surprises. I even heard one of my friends who is in the freight industry that they are also affected as their jobs was doubled as well because of this tariffs. Some of the goods that they delivered across the globe will have to go to their hub because the tariff is not that huge as compare to other countries.

Bitcoin just made a new ATH to $110k, 2 days ago before Trump announced the shit 50% tariff on EU goods. and suddenly BTC dropped to its previous high of $108K. I can't call it a significant decline, it seems very normal to me.

Yes, this sudden declaration has had an immediate impact on the crypto market actually not only on crypto market but also various markets. It is quite understandable to raise a question whether such geopolitical actions are being leveraged by those with insider knowledge ? ?

There is no doubt that different institutes are more interested in adopting Bitcoin. You may notice the GENIUS Act aimed at regulating stablecoin to prevent printing/producing an unlimited amount of coins. So regulatory clarity is improving day by day. So road to 1 Million is certain, but investors or institutions can navigate through the noise and surely capitalize on the market uncertainty of Bitcoin

[KiaKia]

This man is clearly not to give the market a break until all his wishes comes to past, it will get to a point where the market will get used to his crazy decisions and it won't have any big impact anymore, I will be watching with my hands crossed.

I can't help but keep thinking about what would be going on right now if Kamala became the president instead of Trump, will these corrections take place or will Bitcoin be able to reach 100+ and counting?

Trump is a definition of good and bad, one side of me likes that he is supporting Bitcoin and another part of me is feeling like Trump is pulling back Bitcoin too, either ways I am fine with Bitcoin, let's see what will happen in coming weeks.

[arwin100]

This man is clearly not to give the market a break until all his wishes comes to past, it will get to a point where the market will get used to his crazy decisions and it won't have any big impact anymore, I will be watching with my hands crossed.

I can't help but keep thinking about what would be going on right now if Kamala became the president instead of Trump, will these corrections take place or will Bitcoin be able to reach 100+ and counting?

Trump is a definition of good and bad, one side of me likes that he is supporting Bitcoin and another part of me is feeling like Trump is pulling back Bitcoin too, either ways I am fine with Bitcoin, let's see what will happen in coming weeks.

Just like what Musk do? He use to be a big manipulator before but now people are so done with his actions and it came to the point that no one listen to his obvious manipulation attempts.

For sure that we will also came to the point that Trumps fame on Bitcoin scene will fade and no one will gonna listen to him.

Also its not good for people to listen easily on what he try to pull since we don't know if his intention is really good. What I know is they made those crazy actions to benefit their selves and they are not doing anything crazy to help other people to earn for long term.

[Dr.Bitcoin_Strange]

If that was a plan for Bitcoin price to stumble, it's just a matter of time before the price bounces back again, there will always be some of this random occurrence to affect price but Bitcoin can not be hold down for too long by any of those factors.

Let assumed that a news is released today that someone purchased millions of Bitcoin today, price will spike, that's the power of demand, if Bitcoin price dip, it will still surge again unless we are in the bear market where price.

[Z-tight]

Trump is a definition of good and bad, one side of me likes that he is supporting Bitcoin and another part of me is feeling like Trump is pulling back Bitcoin too, either ways I am fine with Bitcoin, let's see what will happen in coming weeks.

You don't expect the president of a country to make decisions with BTC in mind, do you, we're talking about a decentralized currency here, one they cannot print or control. Trump or any president will only show support for BTC when there is something to gain from it, like before the election, when he gained popularity in the industry and in a crazy turn of events launched a memecoin immediately he became president, lol

On social media, many Americans believe Trump is running the country the right way, or maybe i am reading comments from Republicans, however, he is obviously manipulating the market and creating uncertainty for investors, surely he is profiting from this, no?

[OrangeCoinGood]

It just sucks that this economic/political decision has stopped (for now) bitcoin's journey to more aths.

Stuff like this affects the value of investments.  It always has.  This is not a new thing you're seeing.

he is obviously manipulating the market

At least he's not selling his kids' amateur scrawlings for 50 million apiece to 'art investors'.  He'll never attain the heights of corruption reached by his predecessor.  Not in a hundred terms.

[MinoRaiola]

Trump could not have picked a better time. Just as the entire crypto market is seen celebrating with bitcoin reaching a new ath and altcoins also gaining significantly, he threatens 50% tariffs on EU to begin on June 1st. Apparently because they have been difficult and unrelentless during the negotiations. I am assuming that this pissed off Trump and which is why he immediately declared straight 50% tariffs on EU.

He plays with the % and the economic consequences, it creates troouble in the world order. I understand that he wants to use it as a basis for an upcoming deal, but other presidents and their team are not stupid, they will react cleverly. People in the market are afraid and they will probably sell their bitcoin. For bitcoiners who have been around for many years, this is more of a big show and I dont think many will sell. Trump will continue to make his own show and influence the world negatively/positively.

[Accardo]

Trump is a definition of good and bad, one side of me likes that he is supporting Bitcoin and another part of me is feeling like Trump is pulling back Bitcoin too, either ways I am fine with Bitcoin, let's see what will happen in coming weeks.

On social media, many Americans believe Trump is running the country the right way, or maybe i am reading comments from Republicans, however, he is obviously manipulating the market and creating uncertainty for investors, surely he is profiting from this, no?

Political groups makes  impacts on the society and the birth of a new leader wouldn't be favorable to every citizen. Beneficiaries, mostly the republicans in this administration would have nothing wrong to say regarding their candidate. It's a two way thing that drags in the judge, because they don't understand why the sunder in the procastination of a leader's decision. Trump and his group of billionaires would easily say something good about his tarrifing technique and you'd notice they're not cooking the book with the kind of deals coming from these moves. People say it's good others would say the opposite, everyone just takes a side. Who cares about what he can't control?