1 days ago
Billionaire investor and longtime crypto supporter Bill Ackman is betting that President Donald Trump may hit the brakes—at least temporarily—on his sweeping tariff rollout. With just hours to go before the next phase of tariffs is set to hit some of America’s largest trade partners, Ackman believes Trump might opt for a calculated pause. Trump to Delay Implementation? In a post on X dated April 5, the Pershing Square Capital Management founder noted, “One would have to imagine that President Trump’s phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect.” Trump’s executive order, signed on April 2, introduced a 10% baseline tariff on all imports, effective April 5. But harsher tariffs—targeting countries like China and Germany—are slated to begin April 9, unless Trump changes course. Ackman argues that the delay could serve a dual purpose: it would not only buy time for trade negotiations, but also help avoid an economic shock that could send companies and consumers reeling. Crypto Holds Strong as Stocks Stumble Interestingly, while traditional markets have been jittery since the announcement, crypto assets have shown surprising resilience. The U.S. stock market lost more in value during trading on April 4 than the entire crypto market’s worth. That divergence hasn’t gone unnoticed. Ackman, who voiced strong support for the crypto industry after the collapse of FTX in 2022 , now finds himself on the same page as other crypto power players. Arthur Hayes and Cameron Winklevoss—co-founders of BitMEX and Gemini, respectively—have also recently backed Trump’s trade policies , seeing them as part of a global economic shift that may favor decentralized assets. According to Ackman, Trump pausing tariffs would be a rational move economically. “The risk of not doing so is that the massive increase in uncertainty drives the economy into a recession , potentially a severe one,” he warned. With markets bracing and political pressure mounting, Ackman expects April 7 to be a pivotal moment. “One of the more interesting days in U.S. economic history,” he called it. Whether Trump pivots or powers ahead, the impact on both global trade and crypto markets could be profound. The post Bill Ackman Hints Trump Could Hit Pause on Tariffs: Details appeared first on TheCoinrise.com .
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Finance and Business News Crypto tariffs Recession
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Cryptocurrency Stocks Decline: Coinbase, Riot Blockchain, and Hut 8 Mining Corp Take a Hit
Market analysis from COINOTAG indicates that as of April 7th, **US stocks** associated with **cryptocurrency** have experienced a notable downturn in pre-market trading. Noteworthy declines include **Coinbase**, which fell by The Coin Rise
Cathie Wood’s ARK Invest Buys Coinbase Dip, Grows Total COIN Holdings to $448,700,000
Hedge fund manager Cathie Wood has doubled down on shares of Coinbase (COIN) amid the tariff-induced stock market crash. According to Cathiesark.com , Ark Invest placed three buy orders for Coinbase stock on April 4th, amounting to over $13 million, making COIN the second-largest holding in all its combined exchange-traded funds (ETFs). COIN is currently trading at $161, about 54% down from its December 2024 high. In a recent video update, Wood says that she expects Bitcoin ( BTC ) to begin outperforming gold in the coming months. According to the investor, the BTC to gold ratio hasn’t broken its long-term uptrend. “Gold has had a good run against Bitcoin. Bitcoin did very well relative to gold in 2023 and 2024, but not so this year. Nonetheless, we do think over time, Bitcoin will appreciate relative to gold, and as you can see, it has not broken the uptrend line.” Source: Ark Invest/YouTube While bullish on Bitcoin and Coinbase, Wood said last month that she expects many other crypto assets to go to zero, particularly tokens in the memecoin space. In an interview with Bloomberg, Wood predicted that “millions” of memecoins would become worthless. “What we think will happen is there will be some fearsome declines in the prices of some of these meme assets, and there’s nothing like losing money for people to learn. Now learn that the SEC and regulators are not taking responsibility for these memecoins… The millions of memecoins will probably end up worthless. When we’re talking about the big three – Bitcoin, Ethereum, Solana, the use cases for those are multiplying, and we think they’re going to become very important in the years ahead. Memecoins, not so.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Cathie Wood’s ARK Invest Buys Coinbase Dip, Grows Total COIN Holdings to $448,700,000 appeared first on The Daily Hodl . The Coin Rise
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