Analysts criticize the effects of the tariff for the import of US President Donald Trump, a development that some say highlights the unique economic characteristics of Bitcoin during times of global uncertainty.
Trump stopped for 90 days on the highest mutual definitions, as it returned to 10 % of countries except China, the weaknesses in the American bond market, according to critics.
Economist and author expert Bitcoin standardCevidian said, Trump’s decision, unlike the higher definitions, was likely to have a reaction to the height of bond returns, indicating that the administration’s hand was forced.
“Trump has fought the bond market and won the bond market,” said Ammous on April 23 x mail. “The maneuver appears to be working for the first day, and the huge collapse in the stock market has been presented as a small price to pay for the financial sustainability.
He added: “But the bonds started to collapse, and it became clear how disastrous the definitions, and how it was wrong to expect the stock market to be deliberately strengthened by the bond market.”
Related to: Trump’s tariff escalation displays “deeper fractures” in the global financial system
The cabinet gives a rise after the tariff move
After the Trump tariff announcement, CNBC data shows that the Treasury Department for 10 years increased from less than 4 % to 4.5 % amid a sale paid by inflation and stagnation interests.
“The rise in the return was the opposite of what the administration wanted completely, and the opposite of the path on the definitions was half a day after it entered into force was completely destroyed by the Trump negotiation situation.”
Some analysts, including the founder of the global investor of the investor, have suggested that the introductory maneuver may be a “situation” of the United States only to reach a trade agreement with China.
“All talk about China, which is roaming at Trump’s threat, appears honey in the past, when Trump could not keep his tariff in his place for two days,” said Ames.
The delay in reaching a commercial agreement may limit the recovery of both stock markets and cryptocurrencies, which depend on the results of commercial negotiations, according to Nansen’s analysts.
Meanwhile, Bitcoin (BTC) is “less similar to a technical arrow and more like hedging against economic uncertainty”, after Trump referred to “a significant decrease in customs tariffs on Chinese goods.”
Related to: Checks, stocks enter a “new stage of trade war” with the rise in US -Chinese tensions
Commercial wars salute the need for bitcoin standard
The situation has revived long -term proposals to support the US dollar with Bitcoin.
In general He said The United States must continue to buy BTC in order for the government to keep enough to support the entire dollar supply, and eventually turn into the bitcoin standard:
“Continue to buy Bitcoin so that the value of Bitcoin kept by the United States government is sufficient to support the entire US dollar supplies, then moved to the Bitcoin standard where the dollar is recovered for Bitcoin, and the government has never spent more than it earned.”
Historically, the dollar was backed by gold and refund for a fixed amount of precious metal until 1933, when President Franklin Roosevelt suspended the conversion of gold in response to the Great Caldation.
In 1971, President Richard Nixon suspended the ability to convert the dollar into gold, with the aim of protecting gold reserves in the United States and stabilizing the economy, which represents the beginning of the Fiat currency system that still exists today.
Fixed Bitcoin supplies, which are coded in the distinctive symbol, make it a famous digital competitor.
Joe Burnett, the director of market research at Unchained, expects that Bitcoin may compete or exceed the market value of gold in the next decade, with the expectation that the price of bitcoin will exceed $ 1.8 million by 2035.
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