- Daily Dispatch
- Posts
- US economy wobbles, Bitcoin... not so much š
US economy wobbles, Bitcoin... not so much š
The U.S. economy has contracted for the first time since 2022, while a court struck down Donald Trump's tariffs.
Stephen Graves
May 29, 2025
Together with:
š What you need to know
Bitcoin held firm Thursday morning as official statistics revealed that the U.S. economy had contracted for the first time since 2022. The figuresāwhich were initially reported at the end of April before being published in their final form todayāwerenāt entirely surprising, hence the muted response from the markets.
The news accompanied a pause in U.S. President Donald Trumpās trade war, after a federal court struck down his sweeping tariff regime as unconstitutional.
Experts told Decrypt that they anticipate investors reallocating capital to equities, which could lead to a short-term correction for Bitcoinābut that the broader bull market is set to continue, as a growing list of firms and even countries embrace Bitcoin as a strategic reserve asset.
š Myriad Market of the Day
From our partner
š„ NFC Summit #4 is coming June 4ā6 in Lisbon! The worldās first Web3 pop-culture festival returns with 8 themed events, 350+ top speakers, immersive experiences, and a 12-hour Tulum-style beach party. Get 90% off nowālimited to the first 20 tickets! ššļø
š¬ Quote of the Day
āWe will be holding these Bitcoins and we will never, ever sell them.ā
