President Donald Trump’s threat of 100% tariffs on China “over and above any Tariff they are currently paying” effective November 1, sparked a massive cryptocurrency sell-off late Friday.
Why would tariffs make crypto tank? Why not the opposite? How’d that person who shorted bitcoin know it would drop? Maybe they didn’t, but it was quite the bet if they didn’t know.
Why would tariffs make crypto tank? Why not the opposite? How’d that person who shorted bitcoin know it would drop? Maybe they didn’t, but it was quite the bet if they didn’t know.
Because the crypto market overreacts, always