Trump fought the bond market, the bond market won: Saifedean Ammous
From Cointelegraph
April 24, 2025 06:57:00 AM:
Analysts criticize US President Trump’s import tariffs, highlighting Bitcoin’s unique economic properties during global uncertainty. Trump’s 90-day pause on reciprocal tariffs exposed vulnerabilities in the US bond market. Treasury yields spiked after the tariff announcement, damaging Trump’s negotiating position. Delays in trade agreements may limit market recoveries, while Bitcoin acts as a hedge against economic uncertainty. Trade wars reignite proposals for a Bitcoin-backed US dollar, with Bitcoin’s fixed supply making it a digital competitor to gold. Predictions suggest Bitcoin may surpass gold’s market capitalization by 2035.
Read more at Cointelegraph: Trump fought the bond market, the bond market won: Saifedean Ammous