Everyone has finally remembered the fear of being controlled by Trump. In the past, whenever the market fell, it was always thought that someone would bail out. Now looking back, Trump is actually planting bombs. Gold and silver are skyrocketing in front, while US stocks, US bonds, and the US dollar are collectively crashing behind. This is essentially a group exit from US assets. The old formula of blindly buying US assets has now completely failed.

On Monday, US stocks are closed, and everyone is furious. The market is expected to crash again when it opens in the evening. The European counterattack plan is already on the table, and Trump has even locked down tariffs and national security measures. This determined attitude to harden the stance has made traders lose confidence, and if Trump continues to go crazy, US stocks will keep falling. Hopefully, his rapid collapse will be avoided.

The Federal Reserve is also at a crossroads, simply pretending to be dead. They are afraid to come out and put out the fire, but if they don’t, the market will suffocate even faster. Plus, the Supreme Court’s ruling on tariffs is like a sword hanging over everyone’s head. No matter how it ends, this fire is definitely going to ignite.

Bitcoin is still behaving more like a risk asset, falling in tandem with US stock futures. This indicates that in the face of extreme systemic crises, large capital’s first reaction is still to flow back into traditional physical safe-haven assets. For BTC to explode like gold, it will have to wait until the market enters the “sovereign credit crisis” mid-to-late stage, when everyone truly begins to doubt the US dollar payment system.