2025 saw a dramatic spike in corporate bankruptcies—levels we haven't witnessed since the Great Recession's immediate aftermath. The culprit? Sky-high tariffs hitting import-dependent businesses harder than they have in decades. When you've got enterprises relying heavily on foreign supply chains suddenly facing tariff walls, the math gets brutal. Companies that were already operating on thin margins found themselves squeezed from both sides: rising input costs and eroding consumer demand. The domino effect rippled across sectors. Retail, manufacturing, logistics—none were spared. This economic turbulence matters because it reshapes how assets and capital flow. During periods of widespread corporate stress, we typically see shifts in investment behavior, liquidity crunches, and broader market recalibrations. For those tracking economic cycles and their intersection with digital asset markets, this moment's worth watching closely.