Trump: “The U.S. Will Be So Rich That We Won’t Know Where to Spend the Money”
U.S. President Donald Trump stated that his country is not afraid of a recession and that under his leadership, Americans will become so wealthy that they won’t know where to spend their money.
> “We will be collecting hundreds of billions of dollars in tariffs, and we will become so rich that you won’t even know where to spend all this money. I’m telling you, just watch. We will have jobs. We will have open factories,” Trump declared.
Meanwhile, the U.S. economy continues to face challenges, and global trade tensions are escalating. Despite Trump’s confidence, economists warn that protectionist policies and trade restrictions could have negative consequences for American companies and consumers.
EU Imposes Retaliatory Tariffs on U.S. Goods
Starting April 1, the European Union will impose retaliatory tariffs on U.S. goods totaling $28 billion. This move comes in response to the broad U.S. tariffs on steel and aluminum.
The European Commission stated that these measures are necessary to protect the EU economy from U.S. trade policies. This new stage of the trade war could impact global financial markets and further strain relations between the two economic powers.
Experts fear that the conflict could escalate into a full-scale economic battle, negatively affecting both American and European businesses.
SEC Delays ETF Decisions, But Doesn’t Reject Them
The U.S. Securities and Exchange Commission (SEC) has decided to postpone its review of several cryptocurrency exchange-traded fund (ETF) applications, including:
– VanEck Spot Solana ETF
– Canary Spot Solana ETF
– Canary Spot XRP ETF
– Grayscale Spot XRP ETF
– Canary Spot Litecoin ETF
– Grayscale Spot Dogecoin ETF
The positive news is that these applications were not rejected outright but merely delayed. This offers hope that the market may eventually receive clear regulations and ETF approvals.
However, the lack of a specific timeline raises concerns among investors, as continued delays could slow the inflow of institutional capital into the crypto industry.
Metaplanet Increases Its BTC Holdings
Taking advantage of the market correction, Metaplanet has acquired an additional 162 BTC, bringing its total balance to 3,050 BTC. This reaffirms the company’s long-term strategy of accumulating Bitcoin despite current uncertainties.
Crypto Market Faces Record Institutional Capital Outflows
Over the past month, spot ETFs have lost $4.75 billion, marking the largest decline since their launch. Institutional investors have been withdrawing funds from crypto funds for four consecutive weeks.
– The past week alone saw an outflow of $876 million.
– The total outflow for the month reached $4.7 billion.
This record outflow signals a temporary loss of confidence among major market players.
However, despite these outflows, the market is holding up under pressure, and Bitcoin’s price remains within reasonable levels. There have been no signs of capitulation or panic selling among large investors, which is a key factor in the current situation.
When Will the Market Stabilize?
The crypto market is currently undergoing a correction phase, but many experts believe that outflows will eventually be replaced by inflows, leading to market stabilization.
The main question is not whether this will happen, but when it will happen.
Investors are advised to remain patient, avoid panic, and not exit the market during temporary declines. The history of the crypto industry has repeatedly shown that after periods of outflows, a new wave of growth follows.
The trade war between the U.S. and the EU continues to escalate, which could have negative implications for the global economy. The crypto market is also facing temporary challenges, including record institutional outflows and SEC delays in ETF approvals.
However, some companies, such as Metaplanet, continue to accumulate BTC, reinforcing long-term confidence in cryptocurrencies.
The most important thing now is to stay calm and remember that markets are cyclical: after a downturn, recovery and new growth always follow.
