US President Donald Trump's aggressive tariff policy has affected major markets globally, leading to an economic collapse and decline in the cryptocurrency market.
Investor Bill Ackman accuses US Secretary of Commerce, Howard Lutnick, of benefiting from the economic collapse caused by the tariff policy.
Lutnick's alleged investments in long-term bonds conflict with his responsibility to support the growth of the US economy.
The controversy and economic turbulence could impact investor confidence, but may also lead to renewed attention on cryptocurrencies as a decentralised alternative.