Michael Saylor: 'Trump's gold tariff will expand institutional adoption of Bitcoin'
Suehyeon Lee
Summary
- Chairman Michael Saylor said that President Donald Trump's gold tariff policy would have a positive impact on Bitcoin.
- Saylor stated that the gold tariff policy would accelerate institutional adoption of Bitcoin.
- The United States Government reportedly designated 1 kg and 100 ounce gold bars as being subject to the tariff.
Michael Saylor, Chairman of MicroStrategy, predicted that U.S. President Donald Trump's tariff on gold imports would have a positive impact on Bitcoin (BTC).
On the 9th (local time), Saylor stated in an interview with Bloomberg, as reported by Altcoin Daily, "Trump's gold tariff policy will serve as a catalyst to accelerate institutional adoption of Bitcoin."
Previously, the United States Government decided to impose tariffs on imported gold bars weighing 1 kg. Specifically, it is understood that 1 kg and 100 ounce (approximately 3.1 kg) gold bars have been designated as subject to the tariff.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)