Potential Market Impact Looms as U.S. Supreme Court Considers Tariff Ruling

According to BlockBeats, crypto influencer Wimar.X (@DefiWimar) has suggested that January 10 could become the "worst day of the year" for markets. This prediction is based on the possibility that the U.S. Supreme Court may rule U.S. President Donald Trump's tariffs illegal, an event currently estimated to have a 78% probability on Polymarket. Such a ruling could lead to a significant downturn in U.S. stocks, cryptocurrencies, and bonds. Wimar.X argues that historical precedents indicate that a ruling of "tariffs illegal" could trigger massive tariff refunds, potentially reaching up to $600 billion. However, these refunds typically require years of litigation, resulting in a delayed cash flow impact. Community members have expressed skepticism about the scale of the potential tariff refunds, suggesting that the anticipated market volatility could present trading opportunities rather than a market collapse. Tom Lee also shared the article, commenting that it might serve as a contrarian indicator.