Crypto Bombshell: Donald Trump’s Mass Tariffs Have Happened Twice Before, Here’s The Outcome

Donald Trump’s mass tariffs continue to send shockwaves across the global markets, including the crypto market. Interestingly, a similar development with tariffs has occurred twice in the past, and history suggests that they could have far-reaching consequences, even more than what financial experts predict.

What Happened The Last Time Similar Events Like Donald Trump’s Tariffs Occurred
In an X post, market commentator Stacy revealed that events similar to Donald Trump’s tariffs have occurred twice in American history before now. The first is said to have been in 1828, and the second was in 1930, with Trump’s tariffs making the third. She noted that the last two caused a depression, which represented a period of massive global economic downturn
Market experts have already predicted that Donald Trump’s mass tariffs could have massive impacts on the market, starting with the US economy. Goldman Sachs has upped their odds of a recession to 35%. Meanwhile, odds on prediction market Polymarket show there is a huge chance of a recession occurring this year, a development which is bearish for the crypto market.

The market is already negatively reacting to Donald Trump’s mass tariffs. Bitcoin dropped from as high as $88,000 to around $81,000 on the back of Trump’s announcement, while altcoins are entering bear market territory. It is also worth mentioning that the stock market suffered a $2.85 trillion loss yesterday, its worst record in four years.

Developments in the stock market are significant, as Bitcoin is known to share a strong positive correlation with stocks. If the stock market continues to slide, Bitcoin could be at risk of a further crash. These price crashes undoubtedly provide insights into how the global economy could suffer a massive downturn, like the last two times similar events like Donald Trump’s tariffs occurred.