The Trump backlash has started — it will be bumpy ride for crypto investors – DL News
- Trump’s presidency will put Bitcoin’s status as an inflation hedge to the test.
- Markets are already bracing for inflation, writes Wolfgang Münchau.
Wolfgang Münchau is a columnist for DL News. He is co-founder and director of Eurointelligence, and writes a column on European affairs for the New Statesman. Opinions are his own.
The backlash has started.
The rise in global interest rates is not the work of the proverbial bond market vigilantes, but of people who have done the maths and who concluded that the Trump agenda is going to be inflationary.
I think so, too.
This is not so much a political statement as a reflection of the world we live in. The Trump coalition spans the space of fiscal conservatives, economic libertarians, and…
