CITIC Securities Highlights Bitcoin Market Impact Amid Trump-Mnuchin “TACO Transaction” Dynamics

Mars Finance News reports that market volatility surged following contrasting statements from key US officials. On July 14, an interview with former US President Trump injected uncertainty, while Treasury Secretary Mnuchin’s subsequent remarks helped restore investor confidence. According to a CITIC Securities research report cited by Golden Ten Data, this dynamic exemplifies the “TACO transaction” pattern, where Trump’s disruptive commentary (“bad cop”) is counterbalanced by Mnuchin’s stabilizing interventions (“good cop”).

The report highlights that Trump’s comments on critical issues such as Section 899, US-Japan tariff negotiations, and Federal Reserve Chair Powell’s potential removal negatively affected market sentiment. In response, Mnuchin advocated for the removal of Section 899 from the OBBBA legislation, expressed optimism about finalizing a US-Japan tariff deal before August 1, and dissuaded Trump from dismissing Powell, thereby mitigating market fears.

Mnuchin’s role as the administration’s market communicator underscores the importance of monitoring his statements following any abrupt negative news from Trump. Investors should consider Mnuchin’s perspectives as potential catalysts for market stabilization within this news-driven environment.

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