A Tariff Pause! Has Bitcoin Found Its Precious?

A Spike Appears! A Spike Most Unexpected!

Hmph! A curious turn of events indeed! I Gandalf the Grey (though some call me White these days a tale for another time) find myself reporting on the comings and goings of this… Bitcoin. It seems this digital trinket not unlike a shiny dwarven gem has experienced a rather significant surge. As I understand it the price of this Bitcoin this 'flagship cryptocurrency' they call it jumped a rather immodest 7% to reach $82,503.49. One might almost think Smaug himself had something to do with it hoarding all the digital gold.

Darkness Falls Then Light Returns!

Alas it was not all sunshine and lollipops or lembas bread and miruvor if you prefer. The Bitcoin price had previously dipped as low as $74,567.02 which sounds rather like the depths of Moria to me. This was apparently due to something called a 'benchmark 10 year U.S. Treasury yield' climbing alarmingly. I must confess I find such things far less appealing than a good pipe of Old Toby.

Companies Rise Like Eagles!

And what's this? 'MicroStrategy,' now rebranded as simply 'Strategy,' rocketed skyward by 23%! It reminds me of the Eagles rescuing Frodo and Sam from the fires of Mount Doom. And 'Robinhood' (I trust they aren't stealing from the rich to give to the poor or vice versa?) climbed a respectable 21%. Even 'Coinbase' jumped a tidy 19%. Seems these digital enterprises are riding high on the winds of change. It's enough to make one consider investing though I suspect my gold is better spent on fireworks... and perhaps a new staff.

The Shadow of the Past Still Lingers...

Of course all is not entirely well in the Shire or in the digital realms either it would seem. Bitcoin remains down about 25% from its 'all time high' in January. A reminder that even the shiniest of treasures can lose its luster. One must remember Frodo's words: 'I do not choose such times but I can only decide what to do with the time that is given to me.' In this case it is about understanding this volatility and its implications.

Trump Speaks! The Market Listens!

The catalyst for this flurry of activity? Why none other than President Trump who announced a 90 day pause on tariffs. He declared this mind you on something called 'Truth Social,' a platform I trust is more truthful than the words of a certain snake tongued advisor in Rohan. It seems even the smallest of actions by those in power can send ripples across the land or in this case the digital ledger. It is a reminder that even a small person can change the course of the future.

A Long View Is Always Wise!

While Bitcoin may dance to the tune of daily policy changes some wise folk like one Zach Pandl of Grayscale Investments suggest a longer view. They counsel positioning portfolios for 'sustained dollar weakness and generally above target inflation.' Words of wisdom indeed reminding us that even in the darkest of times hope remains. As I always say 'All we have to decide is what to do with the time that is given us.' And perhaps how to manage our digital treasure with a bit of foresight.