Former Treasury Secretary Larry Summers states that current U.S. Tariff policies threaten financial stability, indicating that global markets perceive it as an emerging market in distress.
He highlights that President Trump’s new 125% tariffs on China could worsen economic issues, with the economic fallout potentially costing families around 2,000 USD.
Arthur Hayes predicts a capital flight from China into Bitcoin due to yuan devaluation, suggesting potential for a historic Bitcoin bull run in the near future.
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