Trump’s Bitcoin Bombshell: JPMorgan Foresees Wild Price Swings Amid Market Turmoil
Bitcoin's rollercoaster ride just got a political fuel injection—and Wall Street's taking sides.
When Trump speaks, markets listen. This time, the former president's latest comments sent BTC into a tailspin—only for JPMorgan to predict a 'stunning rebound' within days. Classic crypto whiplash.
Here's the playbook:
-
Presidential volatility multiplier
: Trump's tariff rhetoric triggers 15% BTC dip
-
Banking on chaos
: JPMorgan's algo flags 'oversold' conditions, projects 22% surge
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Traders vs. algorithms
: Human panic meets machine buying opportunities
Meanwhile, crypto OGs shrug—because nothing says 'store of value' like 30% daily swings fueled by pensioners' favorite news channel. The decentralized revolution marches on... right into CNBC's prime-time slot.
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At stake is $88 billion in tariff refunds, which is the total collected by the Trump administration so far.
Trump’s Tariff Backup Plan
If SCOTUS rules against Trump using IEEPA as the legal authority behind tariffs, he could possibly turn to other laws, such as Section 122 of the Trade Act of 1974. That WOULD give him the right to enforce tariffs of up to 15% for up to 150 days in order to correct balance-of-payment issues.
Another option is Section 338 of the 1930 Tariff Act, which allows the president to impose retaliatory tariffs against countries that discriminate against U.S. trade.
