Despite the stock market's volatility, Bitcoin has remained steady, but experts warn this might change with the U.S. introducing new tariffs on 15 countries, including China, Canada, and Mexico. Analysts signal potential shifts in the crypto market.
Potential Impact of Tariffs on Bitcoin
Matrixport analysts believe Bitcoin could start moving in sync with the stock market following the announcement of new tariffs. Media forecasts suggest that this could prompt investors to withdraw from risky assets like Bitcoin.
Analysts' Views on Market Conditions
Crypto analyst Markus Thielen believes Bitcoin's price might align with equities due to a broader market shift. CoinPanel CEO Aran Hawker noted that the Nasdaq could serve as a lead indicator for the crypto market, warning of a potential drop if the stock market falls.
Opposing Expert Opinions
While some experts see tariffs as a threat, others believe it could strengthen Bitcoin in the long run. Columbia Business School professor Omid Malekan suggests Bitcoin could become a safe asset like gold. Meanwhile, economist Peter Schiff argues that Bitcoin remains too risky for stable investments.
Trump's new tariff plans introduce uncertainty to the markets. Some experts believe Bitcoin will drop with stocks, yet others think it could become a more resilient asset.
