Trump threatens tariffs on 8 EU countries over Greenland.
EU drafts €93B in retaliatory tariffs, which are set to trigger Feb 6.
And somehow, this Arctic island dispute is now a variable in your portfolio's risk model.
Let me walk through what's actually happening here and why it matters for crypto🧵

1/ The Setup
‣ Feb 1: 10% tariffs on EU goods entering the US
‣ June 1: Potential increase to 25%
‣ Feb 6: EU's automatic retaliation kicks in unless a deal is reached
The stated reason is National security around Greenland's Thule missile base and rare earth deposits.
The real reason is minerals, shipping routes and geopolitical positioning.
Tho EU officials say they prefer negotiations over immediate retaliation after Trump threatened tariffs if the US cannot acquire Greenland.
twitter.com/YashasEdu/status/2...


2/ How have the market reacted so far?
➣ Gold: +60% YTD (reaches new all-time high of $4,650)
➣ Bitcoin: Dropped to $92.2K on tariff announcements (783M of long positions were liquidated in the last 24 hours)
➣ Oil: Facing oversupply concerns, now with trade war overlay
The pattern is clear tariff headlines = liquidation events
12/ Take this piece as an informational update & not an investment thesis.
Thanks for reading. If this thread was helpful👇
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13/ What are your thoughts on the market guys?
@hmalviya9 @belizardd @Hercules_Defi @kenodnb @thelearningpill @Defi_Warhol @TheDeFiPlug @Eli5defi @andrewmoh @0xTindorr @arndxt_xo @poopmandefi @0xCheeezzyyyy @Mars_DeFi @splinter0n @satyaki44 @0xTanishaa @bullish_bunt @cryptorinweb3 @TheDeFiKenshin @MeshClans
One hell of summary, and no one can do it better than you friend!
Thanks ELI. Glad you liked it
Trump is showing off his power ngl
Soon he will realise his position
Supply chain shifts in Greenland could reshape critical mineral markets.
God is watching
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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