According to The Kobeissi Letter, President Trump publicly stated that an 80% tariff on China 'seems right' and left the decision to Scott B. (source: The Kobeissi Letter, May 9, 2025). Such a significant tariff announcement could intensify US-China trade tensions, leading to market volatility across global equities and commodities. For cryptocurrency traders, heightened trade conflict historically increases demand for decentralized assets like Bitcoin as investors seek safe havens from fiat and equity market instability. Traders should monitor for increased Bitcoin volume and price volatility, as similar geopolitical developments in the past have triggered crypto rallies (source: CoinDesk, US-China trade war impact reports, 2019-2020).

According to Michael Burry Stock Tracker (@burrytracker), Donald Trump has suggested imposing an 80% tariff on China, calling it 'right.' This announcement has triggered immediate discussions among traders about potential global trade tensions and their spillover effects on risk assets, including Bitcoin and other cryptocurrencies. Historically, heightened US-China trade conflicts have increased volatility in both traditional and crypto markets as investors seek safe-haven assets and hedge against fiat currency risks (source: @burrytracker, May 9, 2025). Market participants are closely monitoring the situation for signs of capital flight into digital assets and increased trading volumes on major exchanges.