It feels like Trump is starting to look a bit weak on the outside but fragile on the inside. He’s shouting “attack” every day, but the deterrence effect is getting worse and worse. The biggest impact is that he’s causing chaos in the global financial markets, especially making retail investors in the crypto market pay the price every day. Is he also playing a big chess game with this?

Recently, the confirmed news that two American fighter jets were shot down—each worth at least $100 million! The pilots nearly became hostages. The domestic opposition is getting more and more aggressive in criticizing. I don’t know if Trump still dares to launch a ground invasion. Without a ground attack, if this continues—airstrikes back and forth—it’s not really a solution. The Strait of Hormuz remains blocked, which is truly deadly. But once a ground invasion is launched, if it’s not a one-sided crushing of Iran, the market will still fall!

On April 5th, Trump announced on Truth Social that he would strike Iranian factories and bridges on Tuesday, saying, “Tuesday will be Iran’s Factory Day and Bridge Day—both combined! Unprecedented! Open the Strait quickly, you lunatics, or else go to hell! Just wait and see!”

But Iran was completely unfazed. Without saying a word, they launched the 96th wave of attacks on the US and Israel—initiating the attack proactively! That’s a real slap in Trump’s face.

According to CCTV News, on the 5th, the Iranian Islamic Revolutionary Guard Corps issued a statement saying that the IRGC Navy and Aerospace Force jointly launched the “Real Commitment-4” operation’s 96th wave of strikes early that morning. The statement pointed out that the Revolutionary Guard launched a fierce attack on the Haifa refinery, which supplies fuel to Israeli fighter jets, destroying its core parts; they also attacked US ExxonMobil and Chevron natural gas facilities in Habsah, UAE, as well as a petrochemical plant in Ruweis, UAE. Additionally, multiple petrochemical facilities in Sitra, Bahrain, and Shuaiba, Kuwait, were hit by drones and missiles, causing complete shutdowns and large fires.

The current market situation is really hard to watch. The fundamentals of projects and industries have become meaningless; it’s all about news-driven markets, with black swan events controlling the world. I’m truly worried that if the US launches a ground war, the situation will escalate. Bitcoin can’t hold up, and we might see another century’s big plunge, with the crypto market bleeding again.