Summary
- The market expressed concern that former President Trump's global reciprocal tariff policy could cause confusion for miners, blockchain developers, and liquidity.
- There is a positive outlook that the price of Bitcoin will surge in the long term as institutional investors move capital from the unstable US financial market.
- In the short term, it was explained that virtual assets and tech stocks could become more volatile due to risk-averse sentiment.
According to DL News, a media outlet specializing in virtual assets (cryptocurrency), former US President Donald Trump announced global reciprocal tariffs on the 3rd (local time), analyzing that the policy could cause confusion for miners, blockchain developers, and liquidity providers in the global market.
Nevertheless, market experts are optimistic in the long term. Zach Burks, CEO of the Ethereum (ETH)-based non-fungible token (NFT) platform Mintable, predicted, "The impact of tariffs on the virtual asset market will be positive," and "As institutional investors move capital from the increasingly unstable US financial market, the price of Bitcoin (BTC) will surge in the long term."
However, he explained that risk-averse sentiment could cause volatile assets like virtual assets and tech stocks to be hit in the short term.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
