Bitcoin's 'Wildest Dreams' Come True?
Okay Swifties let's talk Bitcoin! So I was just minding my own business probably thinking about cats and cardigan sales when I saw Bitcoin was trending. Apparently it went a little 'Speak Now' after Donald Trump (yes *that* Donald Trump) said he's pausing tariffs for 90 days. Can you believe it? Bitcoin jumped over 7% to a whopping $82,503.49! It's like it heard 'Shake It Off' and decided to ditch the drama. Earlier it was down to $74,567.02 so this is quite the 'glow up' isn't it?
MicroStrategy Does a 'Reputation' Era Transformation
And the plot thickens! MicroStrategy which recently rebranded to Strategy (smooth move guys very 'New Romantics') went absolutely bonkers skyrocketing 23%! Even Robinhood joined the party climbing 21%. It's like everyone's suddenly got 'gold rush' fever! Even Coinbase decided to jump in the lake and climbed 19%!!! They are all acting like it is 1989 up in here! Meanwhile I'm over here wondering if I should diversify my assets into crypto or just buy more cats. Decisions decisions.
Trump's Tariff Tweet: The 'Love Story' Bitcoin Needed?
So apparently Trump posted something on Truth Social (because of course he did) saying he's 'authorized a 90 day PAUSE' on tariffs. I swear sometimes I think the world is just one big reality show. He's also raising tariffs on China again because why not add more drama? It's giving me major 'Bad Blood' vibes but for the global economy. All these events are causing a ripple effect on the market including crypto.
Bitcoin's 'Delicate' Dance With the Stock Market
Here's where it gets a bit like 'The Archer': Bitcoin's been taking cues from the stock market since last Thursday. Traders are obsessively looking for any sign of clarity around Trump's tariff plans. It's less volatile than stocks but still down roughly 5% since then. It's like Bitcoin is trying to figure out if it should be 'Fearless' or hide under a blanket with a pint of ice cream.
Investing in the Long Run: A 'Blank Space' or a Bright Future?
According to Zach Pandl at Grayscale Investments long term investors should prep their portfolios for sustained dollar weakness and above target inflation. He says this is typical when the U.S. has trade frictions. I'm not entirely sure what that means but it sounds like something I should probably Google. Is this the 'End Game' or just the beginning? Guess we'll have to wait and see.
Is Bitcoin the New 'Style'?
So what's the takeaway? Bitcoin's bouncing around like it's on a trampoline thanks to Trump's tweets. MicroStrategy's having a moment and everyone's wondering if this is the start of something big. As for me? I'm just going to keep writing songs petting my cats and maybe just maybe dabbling in a little bit of crypto. After all you know what they say: 'Haters gonna hate hate hate hate hate... but Bitcoin's gonna trade trade trade trade trade!'
Comments
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pree
Is anyone else confused about tariffs?
McRodders
This is why I stan Taylor Swift, she even makes finance entertaining!
fbenefiel
Can we get Taylor to explain the entire economy?
waloo36
Maybe I should rebrand my life like MicroStrategy.
xhoopz
Trump's tweets are more volatile than my ex.
txgrl
I'm buying more Bitcoin now! Thanks for the tip, Taylor!
mollychenson
I trust Taylor Swift more than any financial advisor.
seregal
This article gave me whiplash, but in a good way!