U.S. President Donald Trump is set to announce new tariffs targeting 15 countries, including China and Canada. These measures raise concerns among investors but may have long-term benefits for Bitcoin.
Trump's New Tariffs and Market Impact
On April 2, 2025, U.S. President Donald Trump is expected to announce the imposition of 'reciprocal' tariffs targeting 15 countries, including China, Canada, and Mexico. These protectionist measures initially caused a drop in Bitcoin prices, falling from over $100,000 at the beginning of the year to around $80,000 in March. This decline is explained by the growing correlation between cryptocurrencies and traditional assets, all affected by global economic uncertainty. 'It is the market’s appetite for risk that continues to deteriorate,' explains Marc Ostwald, Chief Economist at ADM Investor Services International.
Dollar Weakening as an Opportunity for Bitcoin
In the long term, tariffs could paradoxically enhance Bitcoin’s appeal by weakening the global dominance of the U.S. dollar. This fragmentation of the international financial system could thus create a favorable space for alternative currencies. Omid Malekan, a professor at Columbia Business School, believes that Bitcoin could soon become 'the new gold' in this context of economic uncertainty.
Bitcoin's Prospects Amidst Economic Uncertainty
Ryan Lee, Chief Analyst at Bitget Research, agrees that the tariffs proposed by Trump could potentially increase Bitcoin’s appeal by shaking trust in fiat currencies like the U.S. dollar, especially if inflationary pressures intensify. Experts at Wells Fargo and Bank of America note that these measures could 'increase manufacturing prices and erode dollar dominance,' thus directing more capital towards crypto markets.
Trump's tariffs represent a paradox for Bitcoin: negative in the short term, but potentially beneficial in the long run. If global economic uncertainty persists, Bitcoin could confirm its role as a credible alternative to the traditional financial system.
