Billionaire Bill Ackman has mentioned that United States President Donald Trump may postpone the tariffs for his benefit. According to his post on X, Ackman, a big supporter of the crypto industry, is now predicting that Trump will postpone the tariffs to make more deals.

Bill Ackman is an American hedge fund billionaire who is the founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company. Ackman has been quite vocal about tariffs in the past, once telling world leaders hoping to strike a deal with Trump to act fast. He noted that the US President loves to make deals and the earlier they make it, the better for all parties.

United States President Donald Trump is expected to announce the implementation of his controversial tariffs on April 7, with the US president announcing that all imported goods will be subjected to a universal 10% tariff starting from April 5. The country is also expected to impose harsher tariffs on trading partners with which the US has the largest trading deficits, with those expected to kick in on April 9. However, the billionaire feels like he could pause the said implementations of the tariffs.

Bill Ackman predicts postponement of Trump’s tariffs

In his post on X, Ackman mentioned the likely outcome that may lead to the postponement, noting that Trump may not have enough time for deals. “One would have to imagine that President Donald Trump’s phone has been ringing off the hook. The practical reality is that there is insufficient time for him to make deals before the tariffs are scheduled to take effect,” Bill Ackman said.

“I would, therefore, not be surprised to wake up Monday with an announcement from the President that he was postponing the implementation of the tariffs to give him time to make deals,”

Ackman added.

He mentioned that the United States’ industrial base has been decimated over many decades, noting that it is important to have a president who finally cares. “President Trump has gotten the world’s and our trading partners’ attention and elevated the importance of resolving an unfair tariff regime that has harmed American workers and decimated our industrial base over many decades. This is a critically important issue that needs to be resolved, and we finally have a president committed to getting this done,” he said.

Industry personalities wade into tariff discussions

Bill Ackman also highlighted that the current issue cannot be resolved in days, noting that a delay will give the president time to prepare for changes. “The problem, however, can’t be resolved in days, so why wouldn’t a pause make sense to give the president time to properly resolve this critical issue and to allow companies large and small the time to prepare for changes in their supply chains?” he added.

Finally, he added that the risks of not taking enough days to access things could prove costly, mentioning that the increase in uncertainty could drive the United States into a potentially severe recession. Noting the significance of Monday, he said, “One thing is for sure. Monday will be one of the more interesting days in our country’s economic history.”

After the Trump announcement on April 2, the US stock market shed more value during the April 4 trading session than what the entire crypto market is worth. The fact that crypto performed better than the stock market after the announcement was a talking point for both industry supporters and critics. Popular crypto industry figures like BitMEX co-founder Arthur Hayes and Gemini co-founder Cameron Winklevoss recently showed their support for the tariffs.

“For 50 years our country has sold out Main Street in favor of Wall Street. Past Presidents have relentlessly pursued globalization deindustrialization policies that favored Capital and decimated the American middle class. Time for change. Tariffs are going to reset bad trade relationships, build back the middle class, and Make America Great Again. If it requires short-term pain in the form of a market selloff for long-term nation-saving gain, then I’m ok with it,” Cameron Winklevoss said in a post on X.

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Ethereum’s price may sink to $1,600 soon, according to recent market predictions. The second-largest cryptocurrency by market cap has been struggling below the $2,000 mark for weeks. Technical patterns and on-chain data both point to further declines ahead, based on multiple analyst reports.

Triangle Pattern Break Signals Trouble Ahead

Bit Bull, a cryptocurrency expert, noted recently on X that Ethereum extricated itself from a symmetrical triangle after it retreated below $1,820. A breakdown of this nature usually translates into a bearish sentiment in the markets, which often means continuing downward price action.

$ETH Update:

SHORT Price: 1813 (Enter on entry price)

ETH (1H Time Frame): Ethereum has broken down from a symmetrical triangle, which is generally a neutral pattern. However, after the breakdown and a retest, ETH is now looking bearish. Technically, there’s a strong… pic.twitter.com/NKpP8HiGgA

— Bit Bull (@bitbull112) April 5, 2025

According to market observers, the drop below this key pattern has opened up the asset for potential new short positions. The low trading volume following the breakdown and its retest is raising concerns about a potentially strong correction coming up soon.

ETH Dominance Chart Shows Concerning Pattern

Beyond the immediate price action, ETH’s market dominance is also showing warning signs. According to Bit Bull’s analysis, the ETH dominance chart has formed a descending triangle pattern, which typically signals bearish momentum.

“A retest toward the upper trendline is likely, but after that, we could see another move down,” Bit Bull added in his market commentary.

This weakening dominance implies that investors might be losing faith in Ethereum over other cryptocurrencies, adding further selling pressure in the weeks ahead.

The bearish argument isn’t only in chart structures. On-chain statistics also reveal a negative outlook for Ethereum’s near-term prospects. Active Ethereum addresses have declined drastically in the last few months, aligning with the price fall.

Other red flags are the significant drop in Ethereum fees burned and a reduction in fees burned per transaction. Most troubling to long-term holders is probably the rise in ETH supply following the Merge event, which was initially anticipated to introduce deflationary pressure.

Even with the pessimistic short-term forecast, not all analysts have given up on Ethereum’s performance this year. Standard Chartered has insisted that Ethereum will hit $4,000 by the end of the year, although that is a 60% drop from their previous more optimistic $10,000 target.

As of the latest available data, Ethereum is priced at about $1,803, with a less than 1% variation in the last day. The weekly charts indicate a similar slight drop of about 1%, indicating the cryptocurrency might be building a consolidation base despite the bearish signals.

Featured image from Gemini Imagen, chart from TradingView