#donaldtrump is currently not acting like a candidate seriously aiming to win the presidential election. His main proposal – universal tariffs – is highly unpopular among voters.
A survey by NBC News revealed that 44% of voters would be less likely to support a candidate who endorses import tariffs of up to 20%. Only 35% said they would support such a candidate, and 19% had no opinion. This is hardly a winning strategy.
Trump's Tariff Plans
Despite this opposition, Trump continues to push for high tariffs. His reasoning is that if the tariffs are high enough, companies will have no choice but to move their production to the United States. As he put it:
"The higher the tariff, the more likely a company will come to the U.S. and build a factory so they won’t have to pay the tariff."
Trump proposed a 20% tariff on all imports and a 60% tariff on Chinese goods, hoping that this would encourage job creation and bring wealth back to America.
Criticism of Trump's Tariff Proposal
The problem? Economists, voters, and even some members of Trump's own party have labeled the idea as reckless. Experts warn that tariffs primarily hurt American businesses.
Importers will have to pay the tariff, which will raise prices for consumers. Higher prices lead to higher inflation – just as inflation in the U.S. has started to cool down.
With inflation at around 5.5% year-over-year in October 2024, some economists fear that tariffs could push inflation above 7%.
The Senate Minority Leader, Mitch McConnell, said in September: "I am not a fan of tariffs. They raise prices for American consumers."
Reactions to Trump's Tariffs
Trump’s Democratic opponent, Kamala Harris, attacked the tariff proposal, calling it “Trump's turnover tax.”
Joe Biden's administration has kept some tariffs from Trump’s era but claims that their approach is more calculated. Treasury Secretary Janet Yellen emphasized that their tariffs are targeted at strategic industries.
She also stated that the overwhelming majority of economists believe that broad tariffs would hurt the economy. The Biden-Harris camp insists they are protecting American industry without harming consumers.
Elon Musk, Bitcoin, and Trump’s Tariffs
While Trump faces backlash over tariffs, #ElonsMusk strongly supports him and has even launched a petition in his favor.
At an event in Pennsylvania, Musk promised $1 million a day to signatories of his petition to motivate voters. Naturally, this has generated a ton of criticism for both men in the past few days.
Trump’s tariff plans could pose both a threat and an opportunity for Bitcoin. If his policies drive inflation higher, the price of Bitcoin could rise.
Historically, Bitcoin has been seen as a hedge against inflation. During Trump’s first term, his tariffs on China drove up prices across various sectors, and analysts expect a repeat.
Some experts predict that if inflation surges, Bitcoin ( #BTC☀ ) could reach $150,000. However, volatility will remain a major issue, as political events like debates and elections have caused significant price swings this year.
If Trump wins and announces new tariffs, it could trigger a short-term sell-off. However, in the long term, #bitcoin☀️ could thrive under the inflationary pressures that Trump’s tariffs might unleash.
#PresidentialElection
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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The Singaporean investment firm Temasek expresses concerns about the potential consequences of Donald Trump’s presidential victory for the global economy.
Trump's Policies Could Disrupt Long-Term Growth
According to a Bloomberg report, Temasek's Chief Investment Officer, Rohit Sipahimalani, stated that while Trump’s focus on tax cuts and deregulation may benefit financial markets in the short term, it could hinder international growth in the long run. With the U.S. presidential election approaching, Sipahimalani warns that Trump’s policies might complicate matters for both U.S. and global companies, especially those operating internationally.
Differing Investor Perspectives
Temasek’s view contrasts with some pro-Trump investor sentiment. For instance, Standard Chartered recently predicted that if a Republican government takes power, Bitcoin’s price could soar to $125,000. Although Trump is seen as favorable for the stock market and cryptocurrencies, Sipahimalani believes that his victory could strengthen the U.S. dollar and raise interest rates, which would negatively impact emerging markets.
Concerns Over Trade Policy and Tariffs
Trump's trade policies, including tariff implementations, also raise concerns for Temasek. Such measures could lead to uncertainty that might deter foreign investments and slow global growth.
Trump’s Support for Cryptocurrencies and Musk’s Vision to Reduce Federal Spending
Trump has gained support from some U.S. crypto market advocates by promising to boost the industry, including plans to dismiss the current SEC chairman, Gary Gensler, and keep cryptocurrencies in the country. Meanwhile, Elon Musk, a Trump supporter, recently suggested that under a Trump victory, federal spending could be cut by $2 trillion per year. Musk believes these budget cuts would increase the efficiency of government spending and contribute to economic stability.
Harris as an Opportunity for Emerging Markets
Sipahimalani also suggests that Kamala Harris’s policies could have a positive impact on emerging markets. Some business leaders, including Mark Cuban, believe Harris would better support growth in innovative sectors, especially in green technology and healthcare. However, the Democratic candidate has yet to specify her plans for sectors like cryptocurrencies, leaving some questions unanswered.
Temasek Warns of Economic Risks Associated with Election Outcomes
Temasek’s cautious approach highlights its focus on global economic stability and the potential impacts of U.S. policies. The firm, which plans to invest $30 billion in the U.S., recognizes the importance of American political direction on international markets. However, Temasek warns that depending on the election outcome, significant "tail risks" could emerge, potentially causing turbulence for global investors and businesses.
#Debate2024 , #GlobalEconomy , #donaldtrump , #PresidentialElection , #Trump2024
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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

💵 Elon Musk invested $119 million in support of Donald Trump’s presidential run, showing confidence in a strong leadership vision that could shake up both politics and crypto.$BTC

As we head into the 2024 U.S. presidential election, there’s a sense of both excitement and uncertainty in the air. But for crypto traders, this period isn’t just about politics — it’s about managing risk in a highly volatile market. Presidential elections, especially in a powerful economy like the United States, often lead to sharp swings in global markets, including cryptocurrencies. Here’s why you should be cautious with your trades and what to expect.
Why Elections Can Shake Up the Crypto Market
Economic Policies and Regulations: Different candidates often have different views on cryptocurrency regulation. One candidate may favor tighter controls and scrutiny, while another could encourage innovation and adoption. Traders are quick to react to any hints about future regulations, which can cause sudden price swings.Market Sentiment and Uncertainty: Elections naturally bring a sense of the unknown. As the polls fluctuate, so does market sentiment, creating more volatility. Many investors become cautious, moving assets to safer investments, which can lead to sell-offs in riskier markets like crypto.Influence on the U.S. Dollar: Cryptocurrencies often respond inversely to the strength of the U.S. dollar. During election seasons, with all the speculation and political drama, the dollar can experience instability. A weak dollar might push BTC and other cryptos higher, while a strong dollar could do the opposite.Interest Rates and the Federal Reserve: The Fed plays a significant role in influencing markets, and it tends to be extra cautious in an election year. Any statements about future interest rate plans, especially in relation to inflation or the economy, can have a ripple effect across all financial markets, including crypto.
What to Expect and How to Trade
Short-Term Prediction for $BTC
With the election nearing, it’s likely we’ll see increased volatility in the short term. Bitcoin might test both support and resistance levels multiple times, creating potential buying and selling opportunities. However, it's wise to exercise caution — large moves could happen unpredictably, influenced by news, poll results, or economic forecasts.
Here’s a conservative trading approach during this period:
Watch Key Levels: Identify strong support and resistance levels and wait for clear signals before entering trades. Don't chase sudden price movements, as they could be “fake-outs” driven by temporary election news.Tighten Your Stops: Protect your capital by using tighter stop-losses. This way, you’re less exposed if sudden news causes unexpected price swings.Consider Short-Term Trades: Long-term positions might be risky during an election, so it could be safer to focus on shorter timeframes until the market settles.
Final Thoughts
The 2024 U.S. presidential election is set to bring excitement, but it’s also a time for caution in the crypto market. The best strategy? Stay alert, avoid over-leveraging, and be prepared for unexpected price swings. Trading during an election year can be profitable, but it’s crucial to manage risk. Remember, patience is key — sometimes the best trade is to wait until the dust settles.
#BTC☀ #ETH🔥🔥🔥🔥 #PresidentialElection