BitWise strategy says the customs tariff to supply Bitcoin Surge

Jeff Park, the head of the BitWise strategy, believes that the customs tariff will eventually be a strong incentive for the long -term Bitcoin.

This comes at a time caused by the last assumption of these charges by President Donald Trump in fluctuations in the encryption market.

The potential effect of the tariff war on bitcoin

On February 2 mail On X, Park stressed that this is “the highest micro trade for this year.” He believes that the long -term effects of definitions should be understood through two main ideas: Trevin’s dilemma and Trump’s economic plans.

The Triffin dilemma explains the problem that the United States faces because the dollar is the world’s main currency. While this gives the nation financial advantages, this also means that it must continue to operate the trade deficit to provide dollars for global use.

To fix this, it is suggested that the United States try to weaken the dollar in a controlled manner, similar to what happened in 1985 with Plaza Accord when major economies have worked together to reduce the value of the currency.

According to him, the customs tariff is only a short -term tool to push other countries to reduce the amount of US dollars they hold and amend their investments in the government’s debts in the country. Park believes that the real goal is to weaken the dollar without mentioning it directly.

The analyst also believes that the Trump team is planning to reduce American bond returns and reduce dependence on foreign funds. The president is expected to follow up at any cost, making Bitcoin a valuable hedge against inflation and reducing the value of the currency.

“As the world enters the war of continuous tariffs, the demand for bitcoin will rise,” Park said. “Both American investors and participants in the foreign market will flow to Bitcoin for various reasons, but the result remains as it is – medium prices, and accelerating speed.”

Short -term expectations

Although Park believed that the customs tariff will reinforce Bitcoin in the long run, the encryption markets fell after President Trump announced new commercial taxes on Canada, China and Mexico.

In response to the news, the Bitcoin price is equipped about $ 90,000 during the weekend, as altcoins reaches the most difficult. COININCO data shows that the price of cryptocurrency has decreased by 6.3 % in the past seven days, with the market ceiling drop to about $ 1.86 trillion.

The total digital assets market has decreased by about 11 % in the past 24 hours, as it spent more than $ 400 billion. The sales process worsened on Monday, which prompted the markets to its lowest levels this year. Coinglass data shows that more than 700,000 traders have been classified since yesterday, with total losses of $ 2.2 billion.

Although the short -term reaction was harsh, Park confirms that the long -term effects are still largely positive on bitcoin.

He concluded by saying: “You have not yet realized the splendor of the continuous tariff war for Bitcoin in the long run.”