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Trump's Europe Tariff Threat Shakes Bitcoin as Prediction Markets Discount U.S. Greenland Takeover Odds
On January 17, Donald Trump announced tariffs starting at 10% on goods from eight European nations, rising to 25% on June 1, a move that coincided with a sharp drop in Bitcoin and other risk assets. Despite the renewed focus on acquiring Greenland, crypto-based prediction markets currently assign only a 20% probability that the U.S. will complete a Greenland takeover by December 31, 2026, and 30% by March 31 this year. Analysts argue that these platforms can offer useful sentiment signals but warn that thin liquidity and speculative trading mean their odds should not be treated as definitive forecasts.