Bill Ackman, a prominent hedge fund manager and former Donald Trump supporter, has urged for a 90-day pause on the U.S. tariff escalation scheduled to begin on April 9. Ackman warned that without this pause, the country could face an “economic nuclear winter,” which would undermine business confidence, halt investments, and result in widespread job losses. Ackman criticized the recent trade policies, stating that they are eroding global business leaders’ trust in the U.S. as a reliable trading partner. This sentiment is reflected in the financial markets, particularly in the cryptocurrency sector. Bitcoin dropped to $77,300, losing 7.6% in 24 hours, while Ethereum fell to $1,555, down 14% in a single day. These declines follow a brief rally last Thursday when Bitcoin surged to $87,800 during Trump’s tariff announcement but quickly reversed. Industry experts warn that these developments could further challenge Bitcoin’s status as a safe-haven asset. — new from Decrypt
