The analyst believes that the recent retaliatory tariffs imposed by the European Union on the US could lower the price of Bitcoin. The EU's tariffs are in response to the US decision to impose tariffs on steel and aluminium imports. The analyst states that this mutual retaliation is negative for Bitcoin and risky assets, and it may limit the recovery in the Bitcoin price, increase volatility, and potentially drop it below the $75,000 support level. Another co-founder and a chief analyst also express concerns about the impact of these tariffs on the Bitcoin price. However, they also mention that factors such as institutional adoption, regulatory updates, and high utility can make Bitcoin more resilient than traditional financial instruments.



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