Bitcoin has experienced price drops amid the Trump Administration's tariffs and economic uncertainty.
Tariffs and Market Decline
The cryptocurrency market has suffered due to President Donald Trump's trade policies, leading investors to avoid risky assets and move to gold. ADM's Chief Economist Marc Ostwald explained that the decline in interest in cryptocurrencies is related to the high volatility of this asset class.
Bitcoin as Digital Gold?
Omid Malekan noted that Bitcoin shows potential as digital gold and may become a 'safe haven' for investors amidst economic uncertainty.
Long-term Bitcoin Outlook
The impact of tariffs remains uncertain, but some experts expect future recovery. Zach Pandl from Grayscale considers that, if the approach is phased and targeted, markets may rally. Strong cryptocurrency fundamentals may again draw attention.
Despite current instability, experts remain optimistic about Bitcoin's future as a global monetary asset. The long-term outlook remains strong.
