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Why might Trump's tariff policy be good for Bitcoin?
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Tariff policies may weaken the influence of the US dollar in the global economy, prompting investors to seek alternative assets. As a decentralized, cross-border asset, Bitcoin may benefit from the decline in the status of the US dollar and attract more institutional and individual capital inflows.
Tariff policies may increase market uncertainty, causing investors to seek safe-haven assets. Currently, gold has risen sharply, and Bitcoin is also regarded as digital gold in the eyes of some investors. In the future, it may replicate the safe-haven properties of gold and become a safe haven for funds.
Zach Pandl, head of research at Grayscale, believes that the market has already digested the negative impact of tariffs. If the Liberation Day policy statement is relatively mild, the market may rebound and Bitcoin prices are expected to return to an upward trend.
Despite the short-term macroeconomic impact, Bitcoin's long-term fundamentals remain positive. Growth in institutional investment, advancements in blockchain technology, and a new wave of adoption are all likely to drive Bitcoin's long-term upward trend.
Tariff policies may prompt more countries and companies to reduce their reliance on the U.S. dollar and increase demand for non-U.S. dollar assets. As a decentralized global asset, Bitcoin can become part of the alternative, thereby accelerating adoption and increasing long-term value.
