🚀 Bitcoin & Recession: A Match Made in Tariff Hell? 🛡️

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So, it seems “Liberation Day” has arrived with a bang, and not the good kind. President Trump’s latest tariff party has everyone, including Bitcoin, on edge. Kalshi’s crystal ball is now showing a 53% chance of a US recession, up from a meager 8.1%. Polymarket’s odds are also partying hard at 54%. 🎉

Enter the “Liberation Day” tariffs, a delightful mix of 34% on China’s finest and 20% on EU’s treasures. Economic soothsayers are now revising their recession bingo cards. Even Goldman Sachs, the cool kids on the block, are jumping on the bandwagon, upping their odds from 20% to 35%. 📉

JPMorgan, never one to miss a party, warns of a potential $660 billion annual tax hike on Americans. Because who doesn’t love a surprise tax party? 🎈 Meanwhile, consumer confidence is doing the cha-cha, and Canada and the EU might just show up with their own dance moves.

Goldman Sachs, in a March 30th note, gave us the “heads up” on 2025. They’re now at a 35% chance of a recession, which is like saying, “Hey, maybe it’s time to learn how to knit.” 🧶

Now, let’s talk about Bitcoin. Crypto wizard Bob Loukas suggests it might be time to swap the ‘buy the dip’ mantra for something a bit more… cautious. Bonds, anyone? 🤔

As for Trump’s pro-BTC policy, it’s like trying to dance in a minefield. Loukas says Bitcoin might hold up as digital gold, but let’s face it, it’s still a wild ride. 🎢

LondonCryptoClub is buzzing about UBS’s prediction of a Fed rate cut. If the Fed plays nice, Bitcoin might just soar. But remember, it’s going to be a bumpy flight. 🚀

Macro analyst Alex Krüger drops the wisdom bomb: “Fed cuts without recession = party. Fed cuts with recession = not so much.” 🎉👎

And now, the moment we’ve all been waiting for: Powell’s speech. Will he save the day or join the recession party? 🗣️

As the curtain falls, BTC is trading at $83,197. Place your bets, folks. 🎲

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2025-04-04 12:42