- Trump forecasts a stronger U.S. economy despite stock market challenges and tariffs.
- The Business Roundtable event shows historic participation, boosting economic optimism.
- Crypto market faces a decline, with Hayes predicting a downturn due to liquidity issues.
President Donald Trump is talking up the U.S. economy, predicting financial growth and a rising stock market. He claims the country will be stronger than ever, and that markets will soar once people see progress. But is he ignoring the risks?.
The stock market has been shaky lately, driven by Trump’s tariffs. The President has slapped a 25% tariff on Canada and Mexico and a 10% tariff on China. He’s also threatening reciprocal tariffs on the European Union and other trading partners in the coming weeks.
Business Roundtable: A Show of Optimism?
Despite the market turmoil, Trump highlighted positive changes from the Business Roundtable event. He pointed out the historic participation of leaders from the top 150 companies, noting it was the first time all members had attended.
According to Trump, the discussions focused on the benefits of reduced regulations and tax cuts, which have created hope among business leaders about the country’s economic future.
Crypto’s Divergence: Gains, But For How Long?
While the stock market struggled, the crypto market saw slight gains, with Bitcoin holding steady at $81,754. This uptick followed fresh inflation data, suggesting a continued decline in price pressures.
However, not everyone is convinced. Crypto heavyweight Arthur Hayes, co-founder of BitMEX, warned that inflation could rise due to the changing economic policies. He sees crypto assets, particularly Bitcoin, potentially acting as a hedge against fiat currencies’ devaluation.
Related: Bitcoin Price Crash? Arthur Hayes Predicts March Meltdown
Hayes also predicted a downturn in the crypto market by the end of March. His findings pointed to increased liquidity and the upcoming end of the first quarter, which he believes could lead to a crash.
Crypto Market: Down, But Not Out?
Hayes cited the U.S. Treasury’s general account, which will be low on cash by the end of March, alongside the looming debt ceiling and April 15 tax deadline, as factors that could put pressure on both the crypto and stock markets.
Related: China vs. Trump Tariffs: Global Markets Shaken, Crypto Beckons
Following this sentiment, the crypto market has declined, shedding $1.01 trillion in value since January. According to Santiment data, as reported by Brian, a crypto analyst, the trading volume has fallen since late February, signaling possible market exhaustion.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
