The recent tariffs announced by US President Donald Trump have affected the price of Bitcoin and other cryptocurrencies in the market.
On April 2, President Donald Trump announced the implementation of reciprocal tariffs globally. This measure, which includes 10% tariffs on imports and 25% on all foreign-made automobiles, has generated a new wave of uncertainty in the financial markets.
In the crypto space, Bitcoin, the market's leading cryptocurrency by market capitalization, experienced significant volatility. At press time, Bitcoin was trading at around $83.000 per unit, following a day marked by ups and downs.
Bitcoin's price reaction has not surprised market analysts, given its volatile nature and sensitivity to geopolitical and economic events.
However, what is striking in the current context is the dual perspective these tariffs generate: on the one hand, Trump's new tariff policies represent a short-term challenge for liquid assets due to the uncertainty they inject, and on the other, they could become a catalyst for the growth of risky assets like Bitcoin in the long term. In fact, several experts agree that these measures could help the leading cryptocurrency consolidate its position as a safe haven asset in times of global turbulence.
Trump's tariffs: A short-term challenge for Bitcoin's price
Trump's reciprocal tariffs have injected a dose of uncertainty into the markets. For Bitcoin, this translates into an increase in the "discount factor," i.e., a heightened perception of risk among investors. In the short term, this uncertainty could negatively impact its price, as seen in the declines recorded following President Trump's announcement.
Source: CoinMarketCap
However, the long-term effects could be less negative. Matt Hougan of Bitwise, highlights That "Bitcoin has no direct relationship to the tariff wars, beyond being a highly liquid asset available 24/7." Hougan's statements suggest that, despite the initial turbulence, Bitcoin could benefit from increased global entropy, becoming a safe haven for investors seeking stability in an unstable economic environment.
An active refuge in time
Although Trump's tariffs create short-term uncertainty, many experts believe this situation could strengthen Bitcoin's role as a safe haven asset. In contexts of political and economic turmoil, cryptocurrencies, particularly Bitcoin, often gain ground as an alternative to fiat currencies and traditional financial systems.
Thanks to its decentralized nature and limited supply, Bitcoin has become an attractive asset for many in times of instability.
On the other hand, experts have pointed out that Trump's tariffs could accelerate the trend toward adopting digital assets as a hedge against the risks associated with trade tensions. While the short-term volatility of cryptocurrencies poses a significant challenge for investors, especially those less experienced in the digital ecosystem, the long-term growth potential remains significant.
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Therefore, although President Donald Trump's recent announcements regarding his tariff policy have had an immediate impact on the price of Bitcoin, with a fluctuating ups and downs, experts are confident in the enormous potential that the market-leading cryptocurrency has to consolidate itself as a safe haven asset in an increasingly volatile world.
So, while economic uncertainty poses challenges in the short term, in the long term, Bitcoin, with its liquid nature and resistance to centralized systems, will remain a pillar in the digital financial ecosystem, ready to face the challenges and opportunities that the future brings.
INVITE AND WINInvesting in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
