“People want to know what lies ahead,” aldus Wall Street legende George Soros.
At the moment there is a sense of uncertainty in the financial markets. Donald Trump is clearly not afraid to suffer economic pain in the short term. And rightly so, because the American economy looks a lot stronger than that of the competition. Bitcoin cannot properly appreciate Trump’s trade war, because the course has had considerable blows.
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The uncertainty prevails
The financial news is currently winding from right to left. At one moment, Trump announces import duties for Canada and Mexico, which will be postponed one day later by 30 days. And with that the message is clear: do you listen to the boss? Then you will not be bothered by import duties for the time being.
Don’t you do that? Then your economy will suffer pain, and uncle Donald is not afraid of economic pain, because America is in a luxury position with regard to economic growth.
And that Donald Trump is not afraid of a long trade war, which is also apparent from the timeline below from his first term as president of the United States. At the time, the trade war with China also lasted quite long.
This is a bad development for Bitcoin and the rest of the financial markets. Why? Because it mainly causes uncertainty, and people don’t like that. People want to know where they stand, and that can take a while.
For the time being favorably macro-economic climate
Although there is currently a lot of chaos in the financial markets, last week by the Chinese Deepseek and now of course because of Donald Trump, we should not forget that we are still in a bull market.
The American economy is healthy and with that the foundation of the bullmarkt remains intact. As long as that is the case, it is difficult to speak of the end of the bull market. See for example the GDPNOW model of the Atlanta Fed, which predicts a real economic growth of 3.9% for the first quarter of 2025.
Which, by the way, does not alter the fact that it is very difficult for Bitcoin to break out to new price records at the moment. At times when the uncertainty about the future peaks, it is simply unlikely that there will be new all-time highs.
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Source: https://newsbit.nl/bitcoin-gaat-voorlopig-geen-nieuwe-all-time-high-maken/
