Quote from: Olatundespo on June 08, 2025, 06:34:12 PM

As a result of the conflict between Trump and Elon Musk, I thought that the price of Bitcoin might drop significantly but surprisingly, its price continues to increase and is likely to exceed another ATH. The things we need to focus on when estimating the price of Bitcoin are whether there is a challenging situation or any kind of threat to the world economy. At first glance, it seems that the US court has declared Trump tariff policy as outrageous and the state has presented arguments against this court ruling. But through this, the US government has suspended the amount of tariffs it had announced against various countries of the world for a few months. As a result, there may be an obstacle in activating the tariff policy so as there is no such threat to the world economy for now the price of Bitcoin is likely to increase as expected.

I'm even surprised that Bitcoin price dropped just because of the conflict between Trump and Elon, because it's a personal conflict, nothing to do with the economy.

On tariffs, Trump has temporarily reduced some tariffs to spur negotiations and negotiations are still ongoing but Trump appears to be sticking to his tough stance. So tariffs remain a looming threat that could disrupt the market at any time. That is also why the Fed has not yet decided to lower interest rates, and so far, they have been very cautious.

According to the news, CPI will be announced on the 11th and according to forecasts, inflation may increase compared to last month and the reason is said to be due to the impact of tariffs. With this news, I would be more cautious than optimistic that bitcoin will rise.