Axios reports that the world may face a third recession in 20 years.
Historically, such shocks have only occurred twice since World War II:
π» 2008-2009 β Financial crisis
π» 2020 β COVID-19 pandemic
Now, Trump is stepping in, and his aggressive trade tariffs could trigger a new global economic storm. If affected countries respond with counter-tariffs, the world could experience a third economic earthquake in 17 years.
Bitcoin may suffer in the short term if investors rush into cash or gold. However, in the long run, Bitcoin could benefit. If trust in the traditional financial system weakens, crypto could once again become a lifelineβespecially as the U.S. dollar, which today fell to its lowest level since October 2024, continues to depreciate.
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In Bloomberg, they believe that Bitcoin is slowly managing to stay outside of trade wars and tariffs, making it an attractive asset again during times of economic instability.
Arthur Hayes urges crypto enthusiasts to love Trump's tariffs, as they will help Bitcoin finally break the correlation with Nasdaq.
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Today Satoshi Nakamoto turns 50!
April 5, 1975, is the birth date listed in the profile of the mysterious creator of Bitcoin on the P2P Foundation website. Today, the crypto community celebrates the symbolic anniversary of the one who changed the financial world.
But what makes this date so special?
Exactly 42 years earlier, on April 5, 1933, President Roosevelt signed Executive Order 6102, requiring Americans to hand over their gold to the government. That day marked the point of no return for monetary freedom in the U.S.
April 5, 1975, is the birth date listed in the profile of the mysterious creator of Bitcoin on the P2P Foundation website. Today, the crypto community celebrates the symbolic anniversary of the one who changed the financial world.
But what makes this date so special?
Exactly 42 years earlier, on April 5, 1933, President Roosevelt signed Executive Order 6102, requiring Americans to hand over their gold to the government. That day marked the point of no return for monetary freedom in the U.S.
Bank of America analyst Michael Hartnett: a weak dollar is not just a temporary pullback, but a warning sign of the beginning of the end of American dominance.
The U.S. share of the global stock market has grown from 40% during the 2008 crisis to 67% today. In early 2024, most investors continued to bet on further dominance of American assets, ignoring the risks of recession, a prolonged bear market, and an escalating trade war.
But the situation is changing. Since the beginning of the year, we have seen growing interest in alternative directions, such as the Chinese AI giant DeepSeek and emerging markets. All this is part of a global "liberation of capital," which could initiate a new long-term bearish phase for the dollar and question the U.S.'s leadership in the world economy.
The cycles of world reserve currencies support this hypothesis. Over the past 500 years, currency hegemony has changed every 80β100 years: from the Spanish real to the Dutch guilder, then to the British pound, and finally to the U.S. dollar. Today's geopolitical and macroeconomic shifts indicate that the time of the dollar as the unrivaled global currency is logically coming to an end.
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The biggest drop since 1987
Over the past three days, the U.S. stock market has experienced one of the most significant declines in decades.
Nasdaq-100 futures fell by 5.4%, and the S&P 500 dropped by 3.84%. If this trend continues, it will be the sharpest three-day drop since 1987, surpassing even the COVID-19 pandemic crisis periods.
In just two days, about $6.1 trillion has "vanished" from the market.
When people say β$6.1 trillion vanished,β it means the market valuation of company stocks dropped by that amount due to sell-offs, fear, news, etc.
Over the past three days, the U.S. stock market has experienced one of the most significant declines in decades.
Nasdaq-100 futures fell by 5.4%, and the S&P 500 dropped by 3.84%. If this trend continues, it will be the sharpest three-day drop since 1987, surpassing even the COVID-19 pandemic crisis periods.
In just two days, about $6.1 trillion has "vanished" from the market.
When people say β$6.1 trillion vanished,β it means the market valuation of company stocks dropped by that amount due to sell-offs, fear, news, etc.
China will not bow to pressure and will firmly defend its legitimate rights, the Chinese embassy in the U.S. stated after new threats from Trump regarding tariffs.
The devaluation of the yuan could be a catalyst for Bitcoin's growth. If the yuan continues to weaken, Chinese citizens may once again start moving their money into Bitcoin β just like in 2013 and 2015, says Arthur Hayes.
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The U.S. president, Donald Trump, said that countries "kiss his ass" to make new trade deals with the U.S. He also noted that tariffs bring the country 2 billion dollars a day.
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π Gold has reached a new ATHβwill Bitcoin be the next to rise?
The rise in gold prices is driven by increasing global trade tensions, especially following the U.S. tariff hike on Chinese imports. Investors are turning to safe-haven assets amid geopolitical instability and expectations of Federal Reserve rate cuts.
Historically, during periods of economic uncertainty, gold often rises first, followed by Bitcoin. For instance, in 2020 after the COVID-19 crisis, gold peaked in August, and Bitcoin began a sharp rise in the fall, reaching new highs by yearβs end.
If current macroeconomic trends continue, we may see a repeat of the pattern where goldβs rise precedes Bitcoinβs. However, it's important to remember that past trends do not guarantee future results.
The rise in gold prices is driven by increasing global trade tensions, especially following the U.S. tariff hike on Chinese imports. Investors are turning to safe-haven assets amid geopolitical instability and expectations of Federal Reserve rate cuts.
Historically, during periods of economic uncertainty, gold often rises first, followed by Bitcoin. For instance, in 2020 after the COVID-19 crisis, gold peaked in August, and Bitcoin began a sharp rise in the fall, reaching new highs by yearβs end.
If current macroeconomic trends continue, we may see a repeat of the pattern where goldβs rise precedes Bitcoinβs. However, it's important to remember that past trends do not guarantee future results.
According to statistics, there are only 58 million dollar millionaires in the world, while only 21 million BTC can ever be mined β and 19.9 million have already been mined.
This means that most millionaires will never own 1 BTC.
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Yesterday, the value of the OM token dropped by 90% after 43.6 million tokens (4.5% of the total supply) were transferred to exchanges.
Previously, the project was associated with several controversial events, including the presence of multiple online casino owners in the Mantra team and false claims in 2021 about investments from FTX.
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The former CEO of Binance stated that we will soon witness "a race among countries adopting Bitcoin".
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Gold has officially made history, surpassing the $3,500 per ounce mark for the first time. Over the past six months, the metal's price has risen by 30% β and it seems this is just the beginning.β
This growth is attributed to several factors:β
Investopedia
In times of instability, investors are flocking to safe-haven assets. Funds have been flowing into gold ETFs for 12 consecutive weeks, and central banks are purchasing 80 tons of gold per month β 30% more than in 2024.β
Goldman Sachs is confident: this isn't the peak yet. Their forecast suggests that by mid-next year, gold could reach $4,000, especially if doubts about the stability of fiat currencies intensify.
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