Today, cryptocurrency markets are generally declining, mainly because Trump is at odds with China again~
Trump stated on social media that he wants to restart a trade war with China and indicated he will no longer play nice.
Apparently, Trump's confrontation this time seems to be because China is still unwilling to export rare earth to the United States.
It's worth noting that China and the US had just reached an agreement half a month ago, giving both sides 90 days to negotiate slowly.
But before Trump's outburst, China and the US had already started arguing over the issue of international students~
Reuters reported that the US will expel all Chinese students studying in semiconductor, artificial intelligence, and aerospace fields, revoking visas for 277,000 students at once.
They will also gradually expel other Chinese students, aiming to remove Chinese students from all STEM fields by 2026.
Humanities students will not have their visas directly revoked; the US government will review whether students have anti-American thoughts.
Unexpectedly, international students are now at the forefront of the China-US confrontation
However, I believe that whether it's the rare earth issue or the international student issue, they are the main reasons for Trump's sudden outburst.
Sometimes news needs to be viewed in connection.
Trump Media Group just announced on May 27th that they want to raise $2.5 billion to buy Bitcoin as a long-term reserve, with $1.5 billion from stock issuance and $1 billion from debt, funded by 50 institutions.
And today, $2.32 billion has already been received.
After receiving the money, Trump's group will immediately start buying and hoarding Bitcoin.
Could the shrewd Trump be releasing negative news to create an opportunity to buy Bitcoin at a low price?
Considering the deep-rooted tradition of US politicians manipulating stock prices for profit, manipulating cryptocurrency prices should not be surprising.
The US has not yet become the world's cryptocurrency center, but Trump's group has already become a crypto center.
After this operation, their earnings in the crypto industry have successfully exceeded $5 billion, congratulations~
