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Trump Played 5D Chess against Himself—and Still Managed to 'Win'

Institutional Crypto Research Written by Experts

Author

Markus Thielen
April 10, 2025

👇1-14) Treasury Secretary Bessent is no stranger to chess—he even named the hedge fund he managed before entering government after a key chess concept (Key Square). He and other supporters had been cheering on Trump as the President appeared to be playing a high-stakes game against himself.

SP500 decline arrested at the major support line

👇2-14) Each move was executed precisely, as if thinking five steps ahead—until he backed his opponent into a corner. There could only be one winner, but just before Trump could outmaneuver himself, he abruptly folded—an unexpected twist that, paradoxically, many had anticipated. The tariff calculations were wildly unrealistic, and the timeline was impossibly short.

👇3-14) While Bessent repeatedly denied that Trump was concerned about the stock market's sharp decline, it was, in fact, those losses that alarmed him. He conveyed that concern directly to the President, a warning that soon echoed into the bond market as well. As with much of the administration's approach, the pivot was riddled with contradictions.

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