Here's the paradox nobody wants to admit: protectionism hasn't killed economic growth yet. The numbers still look decent on the surface. But dig deeper and you'll find something troubling.

Tariffs and industrial policies promised one thing—to bring manufacturing jobs back. To reverse the decades-long decline. Yet here we are, and they've largely failed at that core mission.

The irony cuts both ways. Governments implement these policies with genuine intent to protect workers and revive domestic production. But the market doesn't cooperate. Jobs keep disappearing. The structural shifts proving far stronger than any policy lever.

What does this mean for investors? When macro policy fails to achieve its stated goals, market expectations eventually reset. That kind of recalibration tends to ripple across asset classes—crypto included. Understanding these disconnects between policy intention and market reality matters.