Howard Lutnick Dismisses Economic Recession Anxiety—But the Crypto Market Tells a Different Story

US Commerce Secretary Howard Lutnick has dispelled fears of an impending recession, stating that Donald Trump’s economic policies will spur $1.3 trillion in new investment and unleash America’s growth. According to a report by Sunday Meet the Press, White House officials assert that the country’s economy remains strong despite the turmoil in the market causing the price of this leading cryptocurrency to drop below $80,000. The Minister of Commerce said that there is no imminent recession. Speaking to the press, Howard Lutnick denied the possibility of a looming recession, contrary to the views of some economists and Wall Street tycoons, who warn that Trump’s policies will push the country to the brink of economic recession. Lutnick firmly declared: “There will be no recession in the US […] just like those who thought Donald Trump wasn’t the winner a year ago. Donald Trump is the winner. He will win because of the American people.” Cryptocurrency traders are not impressed The optimistic mindset that Howard Lutnick demonstrates contrasts with the less confident cryptocurrency investors, who have witnessed Bitcoin and other cryptocurrencies drop to a low in 2025, reaching $76,000 before bouncing back to $80,426 at the time of writing. Alternative cryptocurrencies, including Ether, Solana, and XRP, are also following Bitcoin’s downward trend, with meme coins like Dogecoin and Cardano dropping nearly 12%. Market sentiment is reflecting predictive market behavior. According to Polymarket, the likelihood of a recession in the United States in 2025 is 41%, up 16% in recent weeks. Even though the US Jobs Report revealed the addition of 151,000 jobs in February, signs of slowing growth have emerged. Lutnick is very optimistic Howard Lutnick argues that the tariff strategy proposed by Donald Trump will force other countries to lower existing trade barriers and allow the United States to unleash growth and promote at least $1.3 trillion in new investment. In response to warnings from Goldman Sachs and JPMorgan about the possibility of a recession caused by tariffs, Lutnick said: We will bring the United States to the world […] you will see the greatest growth coming from the United States in the next two years. Trump’s more cautious statement It should be noted that Howard Lutnick’s predictions are completely opposite to Trump’s more cautious statements when asked about the possibility of his policies causing a recession: I hate having to predict things like that. Trump acknowledges that there will be a transitional period due to significant changes being implemented by his administration. Lutnick believes that commodity prices will be cheaper starting from April even as foreign goods begin to get more expensive due to tariffs. However, cryptocurrency traders seem less optimistic about the economic outlook. Conclusion part Despite Howard Lutnick’s brave face, the U.S. President’s refusal to rule out the possibility of a recession in 2025 and escalating trade wars caused by newly imposed tariffs by the new administration have disrupted the entire market. Trump himself has said that market volatility is inevitable, calling it part of a “transition process” to restore wealth, but he acknowledges the potential for disruption. Although historically high levels usually follow price corrections, the market’s failure to respond immediately indicates immediate pressure to buy Bitcoin.