Bitcoin (BTC) could benefit in the long term regardless of the outcome of President Trump's trade policies, says Bitwise's head of alpha strategies, Jeff Park. Park argues that Trump's economic strategy, including tariffs, could act as a positive catalyst for Bitcoin. The recent introduction of tariffs by Trump has led to a decline in the value of Bitcoin and Ethereum, triggering a wave of liquidations. Park's analysis is based on the Triffin Dilemma, which describes the challenges faced by a country with the world's reserve currency. Trump's strategy could address these imbalances and potentially lead to a multilateral agreement to weaken the dollar, benefiting Bitcoin.
Content Editor ( cryptoslate.com )
- 2025-02-04
Trump's trade war could boost Bitcoin's prospects long-term – Bitwise
