Bill Ackman Proposes 90-Day Tariff Halt Amid Market Turmoil
Trump's tariffs have led to significant declines in global markets, labeled 'Black Monday' by investors. Key developments include:
- NASDAQ fell 11% over two trading sessions.
- $BTC broke support at $77K, down 11% since Friday.
- $ETH dropped to fresh lows of $1,429, a 20% decline.
Hedge fund manager Bill Ackman suggested a 90-day halt on tariffs to stabilize markets, stating that current measures could damage US global trade confidence and potentially lead to economic downturns.
Ackman emphasized the economy is unprepared for such tariff shocks, while some, like MN Consultancy's Van de Poppe, believe tariffs may stimulate domestic production but could be temporary. He noted that the Federal Reserve might respond with interest rate cuts and quantitative easing, which could benefit Bitcoin and other cryptocurrencies.
Despite market turmoil, historical trends indicate opportunities for accumulation during downturns. Notable presale tokens include:
- BTC Bull Token ($BTCBULL) - Focused on rewarding holders with real Bitcoin as milestones are reached.
- SUBBD Token ($SUBBD) - Aims to enhance interactions between content creators and fans through an AI-powered platform.
- Lightchain AI ($LCAI) - Combines AI with blockchain to develop secure decentralized infrastructures.
These tokens are currently in presale, with prices expected to rise upon public listing.