⥠ALERT đ„$GOOGLon đšBloomberg Analyst Mike McGlone Speaks: âThe Downward Trend Will Continue Unless Bitcoin Breaks Above $74,000â
Donald Trumpâs new tariff policies and escalating tensions in the Middle East are increasing uncertainty in global markets, while Bitcoin is going through a critical juncture.
Strategist James Lavish stated that markets hate uncertainty, and that Trumpâs âunpredictabilityâ strategy has put pressure on risk assets like Bitcoin. Lavish said, âBitcoin is currently acting like a risk asset; we have to accept that fact.â$AMZNon
He also warned that markets might turn to âsafe havensâ such as gold and treasury bonds in response to this uncertainty.
Dave Weisberger, former CEO of CoinRoutes, argued that the legal and political complexities created by the taxes would generate a wave of economic uncertainty. Weisberger also noted that uncertainty in trade agreements could reduce risk appetite in the business world.