The reason behind $BTC rally is simple — as predicted earlier, Mr. Trump has backed down.
Trump’s key statements:
"NO PLANS TO FIRE POWELL"
"I JUST WANT POWELL TO CUT RATES"
"TARIFFS ON CHINA WON’T BE AS HIGH AS 145%. THEY’LL BE SIGNIFICANTLY REDUCED, BUT NOT ZERO."
It seems Donny couldn’t handle the pressure from the dollar’s decline and falling Treasury bonds (or perhaps someone talked sense into him). He chose to fold.
This was logical and predictable from the start — everyone can see it’s a blatant bluff with cards laid bare. Even if China faces short-term recessionary pain, the U.S. would’ve ended up with severe goods shortages and hyperinflation.
There was a slim chance Trump would’ve doubled down on sinking America (and in business, he probably would have). But it turns out there are far more serious players in the room who explained, "That’s not how things are done.
