🚨 Trump FAFO: Tariffs, 💰 Bitcoin Strategic Reserve & the 💥 Crypto Bloodbath | CPI Numbers Out Tomorrow (12th March)
Blockchain DXB
Shownotes Transcript
In today’s episode of Blockchain DXB & Society X - LinkedIn Live, we dive deep into the chaotic world of crypto and finance, where tariffs, strategic reserves, and economic uncertainties collide. Hosted by RA George (Blockchain DXB + Bitcoin DXB) and Markose Chentittha (Oort Foundation + Society X), this episode covers:
- Stock Market Update:
March 7th: 0% change
March 10th: -2.70% (24 hrs)
March 11th: -2.38% (24 hrs)
Bitcoin Price Collapse:
March 7th: $90,359
March 11th (09:30 am GST): $80,731
Market Cap plummets from $1.79T to $1.58T
Biggest Losers:
Live analysis and insights on the steep decline in crypto prices.
Reciprocal Tariffs Announced:
Purpose: Revenue generation and protection of domestic industries.
Targeted countries: Highest tariffs from India.
Date of Effect: 2nd April 2025 (Key trading period: 31st March - 4th April)
Businesses Responding:
Industries Adjusting to Tariffs:
Automotive: Honda, Hyundai, Stellantis, Volkswagen, Volvo
Electronics: LG, Samsung, Compal, Inventec
Consumer Goods: LVMH, Essity, Campari
Relocation to the USA: Many companies are moving operations to avoid tariff burdens.
US Government Accumulating BTC:
HODLing 200,000 Bitcoin
Treasury Secretary Scott Bessent to oversee custodial accounts.
No plans to sell or buy additional BTC with taxpayer money.
Multi-signature custody and contingency plans discussed.
Keynote Speech and Strategic Reserve Announcement:
Speech highlights and analysis from the Bitcoin Nashville event.
The significance of Scott Bessent’s role and potential impact on financial stability.
Crypto Summit Recap (7th March):
Despite high expectations, the event yielded limited positive news.
Major announcement:
Crypto Chokepoint 2.0:
Examining whether easing restrictions will genuinely boost crypto adoption.
Insights from David Sacks on the broader implications.
CPI Update Tomorrow (12th March):
With so many moving parts, from tariffs and strategic reserves to CPI impacts and crypto market volatility, this episode dissects what you need to know to navigate these turbulent times. Tune in for insights and expert opinions, and as always—stay informed, stay resilient!
Links & References:
- White House Tariff Update)
- Reuters Coverage on Tariffs)
- Bitcoin Strategic Reserve Announcement)
- CPI Update from BLS)
- Bitcoin Nashville Event Keynote)
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