President Trump's tariffs could unexpectedly influence the cryptocurrency market. Some experts believe such measures might open up new opportunities for cryptocurrencies.
Impact of Tariffs on the Crypto Market
New tariffs might create a fertile ground for growth in crypto assets. Analysts suggest that the market may have already priced in the potential impacts of these measures, and further developments might be met with optimism.
How Tariffs Could Strengthen Bitcoin
Tariffs could weaken the dominance of the US dollar globally, increasing demand for alternative currencies like Bitcoin. This could be advantageous for cryptocurrencies due to their independence from traditional financial systems.
Bitcoin as Digital Gold
Adjunct Professor Omid Malekan suggests that Bitcoin could become 'digital gold' during times of economic uncertainty, attracting investor interest during periods of volatility.
Tariff policies may influence the crypto market, potentially initiating a new phase of growth. Experts believe that the weakening of the dollar and Bitcoin's role as digital gold could be driving forces behind this process.
