US Commerce official buys Bitcoin as Trump tariffs shake markets

Howard Lutnick, via Cantor Fitzgerald, is investing significantly in Bitcoin and stocks like AMD and Tesla as tariffs extend uncertainty in the market. The firm notably committed approximately 120.7 million USD to a Bitcoin fund.

Tariffs introduced by the Trump administration are expected to raise consumer costs, potentially causing an average income loss of 2,400 USD per household in 2025, as reported by the Budget Lab at Yale.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts