In a scintillant podcast appearance, our dear Jim unveiled the ‘great misconception’ — that tariffs are but a mere sales tax levied upon the unsuspecting American populace. Oh, how naive! The truth, as it so often does, lies in the nuanced dance between importers and the industrious producers hailing from far-off lands like China, who find themselves bemoaning their fates as these tariffs tighten their belts. 🥴
Like a modern-day prophet shouting from the mountaintops of Silicon Valley (or perhaps his well-heated office), our dear Michael, keeper of corporate Bitcoin treasuries, has bestowed upon us mortals his latest revelation: “Chaos powers Bitcoin.” Oh, what wisdom! What profound understanding! 🙄
Ah, the good ol’ U.S.-China trade war. Remember that? Apparently, it’s still a thing. Donald Trump, in a move that surprised absolutely no one, cranked up the tariffs on Chinese imports to a whopping 125%. Because, you know, that’s how you make friends and influence people. This, naturally, sent investors scurrying for the nearest safe-haven asset. Enter: gold, stage left. 🎭
This upbeat pronouncement comes courtesy of Matt Hougan, Chief Investment Officer at Bitwise, an asset manager that likes to remind us it commands a tidy $12 billion. With the sort of confidence usually reserved for people who pack four extra pairs of socks for a weekend trip, Hougan insists BTC isn’t just hanging on by its digital fingernails—it’s revving its engines for the mother of all ascents. 🚀
The BBTrend is still sulking in the negative zone, and the whales? They’re just sitting on their digital thrones, doing nothing. With a bearish EMA structure, Ethereum might need a miracle—or at least a massive wave of buyers—to escape this downward spiral.