Trump’s Tariffs Drive Crypto Boom

Cryptocurrencies have experienced a surge in value recently, with the market driven by former President Donald Trump’s tariff strategy. This trend is tied to technology giants like NVIDIA and AMD navigating tariffs and shifting supply chains to benefit from this approach. 15% of their Chinese chip revenue now gets rerouted to the U.S., bypassing export restrictions and impacting cryptocurrency markets. This maneuver, facilitated by deals between Trump and CEO Jensen Huang, has led to a resurgence in tech stock valuations, with positive ripple effects for the crypto market.