Messari: Bitcoin to Emerge as 'Dollar Alternative Asset'

Concerns over inflation and trade wars have led to predictions that Bitcoin (BTC) could emerge as a 'dollar alternative asset.'

According to TheStreet on the 18th (local time), cryptocurrency analysis firm Messari stated in a report that "President Donald Trump's tariff policies are weakening the dollar's status as the world's reserve currency," and "this could lead to Bitcoin emerging as an inflation hedge."

Dylan Bain, an analyst at Messari, noted, "So far, Bitcoin has shown a trend similar to tech stocks or the S&P 500 index," and predicted, "However, in the long term, Bitcoin is likely to be re-evaluated as a store of value rather than a risky asset." He added, "Especially if tariffs continue, Bitcoin could establish itself as an independent asset, breaking away from its high correlation with the U.S. stock market."

He continued, "Currently, most investors do not view Bitcoin as an independent store of value," but added, "However, if trade wars continue and the U.S. dollar wavers, this perspective could change."