The Refuge?
In a controversial move, former President Donald Trump announced his intention to reimpose strict tariffs if he wins the upcoming elections, including:
Tariffs of up to 60% on imports from China
And expanding tariffs on strategic goods from Europe and Mexico
Market reaction?
Stock markets experienced sharp fluctuations
Gold rose as a traditional refuge
But notably: Bitcoin increased by 3% during the early hours
The message to the smart investor:
As protectionist policies escalate, the search for assets that are not subject to borders and not controlled by governments is increasing… and here crypto emerges as a true hedging tool.
