The recent imposition of a 104% tariff on Chinese goods is causing significant disruption in global markets. Analysts suggest that this could fortify Bitcoin as a financial asset.
Global Trade War
The trade war initiated between the United States and China continues to escalate, significantly impacting the economy and financial markets. The introduction of new tariffs creates turmoil, spurring the search for alternative financial instruments.
Analysts' Opinion on Bitcoin
In a recent interview with Bloomberg, Bitwise's Chief Investment Officer Matt Hougan stated that Bitcoin stands to benefit significantly from the current economic uncertainties. He emphasized that in times of currency devaluation and trade conflicts, such as the situation with tariffs on China, investors seek reliable assets for capital protection.
Historical Resilience of Bitcoin
Hougan further stressed that Bitcoin has demonstrated its ability to rebound after economic downturns. Historical data indicates that in times of significant economic distress, Bitcoin's price generally shows a strong upward trend. "With increasing institutional interest, we expect Bitcoin to reach new highs once the tariff war settles down," Hougan added.
The current situation in global markets and the escalation of the trade war presents new prospects for Bitcoin as a safe asset. Experience shows that after economic storms, Bitcoin typically demonstrates remarkable growth.
