"Trump's Tariff Policy Could Positively Impact Bitcoin"

The day known as 'Liberation Day', which is both a source of concern and anticipation for investors, is just a day away as President Donald Trump is set to announce his tariff policy. Some analysts suggest that contrary to existing concerns, the tariff policy could be positive for Bitcoin (BTC) and other virtual assets (cryptocurrencies).

On the 1st (local time), the cryptocurrency-focused media outlet CoinDesk reported, citing multiple experts, that the Trump administration's tariff policy announcement could positively impact the virtual asset market. The announcement is scheduled for 4 PM on the 2nd (local time, 5 AM on the 3rd in Korea).

First, there is a claim that Bitcoin could be treated as a safe asset like gold. Omid Malekan, an associate professor at Columbia Business School, stated, "Both virtual assets and tariffs are areas the market has never experienced before," adding, "Bitcoin is already treated like digital gold in some circles, so if economic uncertainty grows, investors might prefer Bitcoin."

There is also an opinion that the current price reflects concerns about the tariff policy. Jack Pandle, head of Grayscale Research, said, "The impact of tariffs on the market may already be priced in," and "If the tariff policy announcement focuses on specific areas contrary to what is known, investor sentiment could recover significantly."

He continued, "Ultimately, tariffs weaken the dominant role of the dollar and increase the value of other currencies, including Bitcoin," adding, "In the short term, virtual asset prices are declining, but looking at the Trump administration's stance, there is more certainty about Bitcoin."

On the other hand, there is a possibility that investors' risk appetite could decrease, negatively impacting Bitcoin. Marc Oswald, chief analyst at ADM Investor Services International, said, "The market's risk appetite continues to deteriorate," noting, "The gap between virtual assets and gold is widening."

Meanwhile, despite concerns about the tariff policy, buying pressure continues to flow into the market. As of 11 AM on the 2nd (Korea time), Bitcoin is trading at $85,153, up 3% from the previous day. Additionally, leading altcoins Ethereum (ETH) and XRP have risen by 3.64% and 1.26%, respectively.