So, our former president, Donald Trump, met with Xi Jinping in South Korea. You know, world leader stuff. It was initially…ambiguous. Like a text from someone you’re casually dating. This ambiguity, naturally, sent Bitcoin into a tailspin. Because cryptocurrency is always rational.
But then Trump spoke. And when Trump speaks, things change. Mostly because he says things. Immediately. Reversing all the negative sentiment. It’s like he has a magic word. Or a really good Twitter account manager. Whoever it is, they’re getting a bonus.
Initial Plunge Quickly Recovered (Thank God)
Bitcoin was chilling around $110,000 when this whole thing started. Then, BAM! Down it went, briefly hitting $108,000. It’s dramatic, I tell ya. Like a reality TV show, but with numbers. Turns out, markets really like knowing what’s going on, who knew?
The meeting itself went on for a surprisingly long time – an hour and 40 minutes. That’s… a lot of awkward small talk. Trump then hopped on Air Force One, while Xi went to Gyeongju for the APEC Summit. Busy guys, those presidents. Very busy.
Xi’s got a packed schedule, talking to Korea and Japan too. It’s like a diplomatic speed dating event.
Trump Touts ‘Fantastic’ Deal from Air Force One (Quelle Surprise!)
Then, Trump held an impromptu press conference on Air Force One. Because where else would you hold a press conference? He declared the meeting “exceptionally successful” and gave it a rating of “12 on a scale of 1 to 10.” Twelve. You know, because math. He just really liked the deal. 🤷♀️
Apparently, they worked out some stuff that was bothering the crypto market. Like, the grown-ups finally had a talk. Here’s the breakdown:
- Rare Earth Exports: China might not restrict rare earth exports for a year. That’s…good, I guess? If you’re into rare earths.
- Soybean Imports: Trump secured some soybean deals because, you know, farmers. Gotta appease the base. It’s political chess, people. With legumes.
- Fentanyl Precursor Curbs: China will try to stop exporting stuff used to make fentanyl. And in return, we’ll lower some tariffs. Trade wars are exhausting.
All this is a huge turnaround from when we threatened to slap a 100% tariff on China – Total “Black Friday” level chaos. Plus, Xi is coming here, and Trump’s going to China in April. It’s a whole diplomatic dance. Hopefully, no one steps on anyone’s toes. Or starts a trade war…again. 🙄
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2025-10-30 09:22