Trump landed in Beijing with Jensen Huang and Elon Musk on board, offering Xi Jinping to 'open' China to American AI chips in exchange for taming Iran. The markets are in turbo-optimism mode, ignoring the risk that Beijing might expertly 'promise and forget', preferring to believe in an oil crash and new all-time highs for the S&P 500 amid a trade truce.
BTC has secured above $81k, but Trump's post about Venezuela as the '51st state' hints that if the deal with Xi falls through, the administration might switch from diplomacy to annexing oil reserves, turning the current rally into a classic bull trap.
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