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PSA: Trump's tariffs mean higher interest rates, which are never good for crypto

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by COINS NEWS 5 Views

It's hard to believe that Trump passes as the crypto candidate. If he imposes his immense tariffs, then higher prices are a certain consequence, because that's what tariffs do: they make stuff more expensive. Also, they invite retaliation, which can lead to an upward spiral. That translates into inflation and along with that higher interest rates to curb prices. So less money goes into markets, especially risk assets. We know what that means for crypto, right?

https://apnews.com/article/trump-inflation-tariffs-taxes-immigration-federal-reserve-a18de763fcc01557258c7f33cab375ed

That is actually all I have to say, because my point has been made. However, I have to add another 35 characters to be able to post this. So, there.

submitted by /u/Kristkind
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