"Decoupling" and "safe haven" began to be used late last week as bitcoin (BTC) held its own despite the continuing tumble in stock markets in response to President Trump's sweeping tariffs against U.S. trading partners. "If we launch economic nuclear war on every country in the world, business investment will grind to a halt, consumers will close their wallets and pocket books, and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate," tweeted hedge fund billionaire Bill Ackman, who previously had been at least modestly supportive of President Trump. "The President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system," he continued.
Author: Stephen Alpher
Published at: 2025-04-06 21:35:02
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