According to The Kobeissi Letter, Elon Musk stated that President Trump's proposed tariffs could lead to a recession in the second half of 2025. This warning highlights potential volatility in both traditional and digital asset markets, as historical patterns show risk-off sentiment during economic downturns often leads to increased demand for cryptocurrencies like Bitcoin as alternative investments (source: The Kobeissi Letter, June 5, 2025). Traders should monitor macroeconomic policy shifts and tariff developments closely, as these factors could drive significant price action and liquidity shifts in the crypto market.