The third issue of Bitcoin Intelligence Report is out. Description: Tariff concerns have triggered renewed market volatility. We analyze the broader economic impact of tariffs through both theory and data. We unpack how tariffs contribute to inflation (temporarily), reduce overall welfare, and increase financial market risk—including in Bitcoin. Drawing from recent inflation figures and consumer sentiment trends, the piece outlines why the threat of stagflation is growing and identifies the key macroeconomic catalysts needed for recovery. Access (free) via the link below.