"Trump's Tariff Policy Could Be a Catalyst for Bitcoin's Rise"

There is a claim that U.S. President Donald Trump's move to impose tariffs will have a positive impact on Bitcoin prices in the long run. Furthermore, there is an opinion that the tariff war could act as a factor for Bitcoin's surge.

According to The Block on the 2nd (local time), Bernstein analysts stated, "Considering the nature of tariffs, a short-term Bitcoin sell-off is not surprising," but also noted, "In the long run, the depreciation of currency value will contribute to Bitcoin maintaining its relative value against the dollar."

According to Bernstein analysts, tariffs imply a strong dollar, high inflation, and a reduced likelihood of interest rate cuts. Therefore, liquidity for risky assets has decreased, leading to a short-term price drop. However, they explain that the depreciation of currency value due to inflation will have a positive impact on Bitcoin in the long term.

Additionally, Bernstein analysts pointed out that "Bitcoin will be traded based on its intrinsic value after absorbing the initial shock," and cited future momentum for Bitcoin's rise as including Bitcoin Spot ETF inflows, strong institutional demand, MicroStrategy's BTC purchases, U.S. strategic reserve assets, and the repeal of SAB 121.

Furthermore, they argued, "In a global economic war situation, governments of various countries will stockpile gold and Bitcoin as economic buffers," and claimed that "Bitcoin could reach $200,000 by the end of this year."

Jeffrey Park, a portfolio manager at Bitwise, said, "Tariffs cause inflation, and the global economy, excluding the U.S., will suffer from low growth and currency depreciation," adding, "As a result, people will seek alternatives to traditional finance." He further argued that "Bitcoin can be an asset that serves as a refuge for both countries engaged in a trade war," and that "Bitcoin prices are bound to soar."