Breaking News! Trump and Bessenet have spoken, the market might shake three times!
Now the global situation is tense, Trump and that well-known economist Bessenet have mentioned things that could impact Bitcoin and the entire market. Note, we are not discussing the statements about war here, only the harsh words related to the economy.
What did Trump say here:
1. Attacking Fed Chair Powell: “I told Powell that interest rates don't need to be set so high! Does he have to create some trouble?”
2. Just want to borrow money cheaper: “If the interest rate is lowered by 1%, we will pay less interest. If it’s lowered by 2%, even less. I can’t wait for debt to be as cheap as possible!”
3. Offering olive branches to China, but…: “I love China, I have great respect for them. If we can reach an agreement with China, it would open the door to their market.”
4. Tariff knives ready at any time: “The tariffs on imported cars, I think might rise soon.”
Bessenet's main points:
1. Trade negotiations need to speed up? “It feels like we will sign more trade agreements soon.”
2. China is the focus: “If China really can open up its economy, the international trade landscape might be reshuffled.”
3. EU is difficult to deal with: “Dealing with these EU folks is too troublesome!”
4. Uncertainty of tariffs on China: “We’re waiting to see if the suspension measures on tariffs for Chinese goods will expire in August.”
5. Debt ceiling is a ticking time bomb: “If Congress keeps arguing about not raising the debt ceiling, we might experience a financial crisis like 2008 again!”
6. Stablecoins might help the dollar? “Those stablecoins might actually make the dollar’s position in the world more stable.”
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