Trump's tariff stick hits allies, cryptocurrency falls sharply, gold and silver reach new highs On Monday morning, it started amidst the cryptocurrency crash. Bitcoin has fallen below $93000, with a cumulative sell-off of $864 million in 24 hours, which is still a familiar trend. Meanwhile, gold and silver are reaching historic highs. The real culprit may still be our old friend: Trump's obsession with Greenland and the unprecedented tariff war with European allies that it has sparked. Just yesterday, Trump threatened to impose a 10% tariff on eight European countries, Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland. If an agreement to purchase Greenland cannot be reached, the tariff will rise to 25% in June. We have become accustomed to Trump threatening China, Mexico, and even other trading partners with tariffs. But threatening NATO allies with economic weapons? This is relatively rare in the history of post-war international relations. When these European countries sent troops to Greenland to participate in the Danish led "Arctic Endurance" exercise, Trump interpreted it as a provocation against the United States and immediately used the stick of tariffs. The response from Europe is also unprecedented. Eight countries quickly issued a joint statement warning that Trump's tariff threat "undermines transatlantic relations and faces a dangerous spiral of decline". More importantly, French President Macron is pushing for the EU to launch the so-called 'anti coercion tool', which is the most powerful trade weapon the EU has ever used but passed in 2023. The EU is discussing retaliatory tariffs on 93 billion euros worth of US goods, which were prepared as early as last year but were temporarily suspended due to a trade agreement. The sharp decline of Bitcoin can also become understandable. After being tamed by Trump and Wall Street, Bitcoin is still essentially an "American asset" that relies on the stability of the US dollar system and the liquidity of the US financial market. When there is a fundamental conflict between the United States and its traditional allies, Bitcoin loses its "global" and "decentralized" appeal. Recalling the flash crash on October 11th, when Trump threatened to impose an additional 100% tariff on Chinese goods, Bitcoin plummeted by $12000 within minutes. In sharp contrast, the performance of gold and silver reflects a bet on a "de Americanized" world. A key detail: The trade agreement reached between Europe and the United States last summer raised tariffs on European products to 15% and reduced tariffs on American industrial products to zero, which was criticized as a "humiliating moment for Europe". Now Trump's threat of tariffs again proves that compromise cannot bring lasting peace, but may encourage more extortion. This has made global central banks and investors realize a fundamental issue: in a multipolar world full of uncertainty, only "stateless" assets like gold can provide true security. We are witnessing a historic turning point. The "liberal international order" established after the end of the Cold War is collapsing, replaced by a new world dominated by economic nationalism. In this new world, alliance relationships have become fragile, trade has become a weapon, and the real "safe haven assets" are no longer investment products that rely on specific countries or systems, but physical assets that can cross different political entities and currency regions, typically resources such as gold, silver, copper, and aluminum. From the perspective of Bitcoin and cryptocurrency, perhaps an internal revolution is also needed to break free from the gravitational pull of Trump and the US dollar, and start a wave of de Americanization, making Bitcoin not only a US dollar asset, but also a decentralized asset that serves all humanity.