Trump's threat to impose a 60% tariff triggers global panic
At around five in the morning, Trump dropped a bombshell. He said that if he becomes president again, he would consider imposing a 60% tariff on Chinese goods, and a 10% tariff on goods from other countries. As soon as this was said, global markets crashed.
Asian stock markets opened with a bloodbath, and European and American futures followed suit. The cryptocurrency market fared even worse, with Bitcoin plummeting from over $110,000 to just over $100,000, erasing more than $600 billion in market value in a few hours. This fully illustrates a brutal reality: cryptocurrencies are no longer safe-haven assets; they have become high-risk speculative products, and the first to bear the brunt of any macroeconomic turbulence is this.
Institutional investors treat Bitcoin as a tech stock for speculation, and when risks arise, they flee immediately, regardless of the so-called digital gold narrative.
This event teaches us a profound lesson. In the future, investing in cryptocurrencies cannot solely focus on the projects themselves; how the Federal Reserve thinks, who will win the elections, and whether there will be a trade war—these macro factors may influence prices more than technological upgrades. The traditional all-in strategy is outdated; we must learn to diversify our allocations. If we should buy gold, we buy gold; if we should hold cash, we hold cash. The market has changed, and investment strategies must change accordingly. $BTC
