PANews reported on April 14 that McKenna, managing partner of Arete Capital, said that the market often hits bottom during the worst news. He mentioned that Bitcoin once fell to $74,000 due to reciprocal tariffs and falling stock markets, which was one of the worst panics he had ever seen in the market. He believes that unless relations with China deteriorate seriously, future news will only cause market fluctuations. McKenna also pointed out that Trump's goal is simple, which is to reach an agreement and readjust global trade within 90 days, and then carry out large-scale tax cuts and deregulation.
