An interesting time to be sure. Similarities and consequential differences. Earlier tariff blunders that fuelled market turmoil were easy to address (thus creating the 'TACO' title) by way of backtracking, conceding and 'making deals'. This time things are not so simple. Things were already out of US control in the early days of this campaign. Although well known to the intelligence community, the impacts of Iran's control of the Strait of Hormuz seem to have avoided the attention of the Commander in Chief. Backing out of this one not so simple, the possibility of ongoing impacts are real. Iran holding the cards one.
If history tells us anything, it is that the coming bottom is just the next (delayed) launch into new highs. Love it or hate it, this cycle has played out on a number of occasions since 2012, when factored in with a true growing scarcity, it's just a matter of time. The volatility of bitcoin reflects investors lack of nerve. Those who haveheld long term view these pull-backs as a blip at worst, an opportunity to exploit the price in best case scenario.