🔥IMPORTANT🔥 TRUMP and BESSENT release STATEMENTS that shake the market! 💣
💬 Amid global tension, both Donald Trump and renowned economist Bessent have released statements that could mark the course of #Bitcoin and the markets.
🔔 NOTE: Statements about armed conflicts are not included in this summary; they are in the cited post.
🟠 TRUMP'S ECONOMIC STATEMENTS:
🔸 "I told Powell that we don't need to keep interest rates so high. Maybe he'll have to FORCE something."
🔸 "If we lower the rate by one percentage point, we pay less. If we lower it by two percentage points, we pay even less. I want debt to be cheap."
🔸 "I love China and I respect Xi a lot. The agreement with China will open up the Chinese market."
🔸 “Auto tariffs could increase in the not-too-distant future.”
🟡 BESSENT'S KEY STATEMENTS:
🔹 “We will see more trade deals quickly.”
🔹 “If China opens its economy, we could see a trade rebalancing.”
🔹 “The EU has been very difficult in negotiations.”
🔹 “We will see if the tariff pause with China ends in August.”
🔹 “If the debt ceiling is not raised, we could experience a crisis like 2008.”
🔹 “Stablecoins could consolidate the dollar's dominance.”
🧠 WHAT DOES ALL THIS MEAN FOR #BITCOIN?
📍News of improving US-China relations are being very well received by investors.
🚀 Result: Bitcoin surpasses $108,000 amid optimism!
🤔 But... Trump's "FORCE something" statement leaves a lot of uncertainty in the markets.
