Saw this news article and found it interesting. Currently, Bitcoin seems to be moving with the stock market, but some experts are suggesting that Trump's ongoing tariff battle, which is hurting Bitcoin right now, could actually turn into a positive for it in the long run. They think that as people start looking for safe investments, Bitcoin might be seen as a reliable option.
Bitcoin really has shown its worth as a store of value over time.
What are your thoughts on this?
Personally as long as bitcoin still operates under economy sharing same sports with stocks whenever tariffs it's likely to be a negative effect on bitcoin too, I don't see how it's beneficial to bitcoin in reject time having the fact that the current government seems to have promised alot with bitcoin or crypto so tariffs are likely to affect bitcoin more.
Rationally, bitcoin is decentralised not for a particular country but now the market seems to be tied to the actions of the US government even though good policies might be implemented in other countries yet only the effect of us actions are showing up the most so I don't think tariff war is going to help bitcoin in any way.
I have been wondering what is going to happen because or the MAGA tariffs, the next round
targeting the EU will be announced in approximately 3 hours.
It makes sense that Bitcoin will benefit as people [and companies/investments] look to put
their money/wealth somewhere that is safe and where it doesnt get eroded long term.
The market seems to be moving sideways which is positive in its own way as the traditional
markets are suffering.
It will be interesting to see firstly what the tariffs against the EU are going to be and how the
markets - traditional and Bitcoin react short term.
Looking forward to more input on this thread.
Although it could be true, I would not attach as much importance to that as to the US strategic reserve starting to buy bitcoin even with neutral budget ways, such as selling part of the gold or cheese they have in reserves to buy bitcoin, or other ways. That, and the same thing starting to happen in some US states can make a lot of difference.
After this and the Calm comes many are going to run to Bitcoin rather than Gold for it's relatively higher volatility while been a store of value. We experienced a fake out today not surprised once there's a consolidation we can move for a bounce back to overtake today's ATH.
That's one thought that could really benefit Bitcoin with this tariff, as there could be individuals because of this economic uncertainties, will see Bitcoin as one assets that they can hedge their wealth against, just like what happen during the pandemic.
They will also turn to crypto when all other traditional assets are not looking good. And so far, only Bitcoin has been going up as we have hit a new all time high already at around $109,000 and more is to be expected. So if investors are looking for safe haven again because of the tariffs being imposed by Trump, then we will be all good.
And it could again magnified that Bitcoin is a Digital Gold, - preserving our wealth.
If bitcoin were truly a store of value, it wouldn't react negatively and dump along with the stock market every time tariffs are announced. Its price must increase with the price of gold.
Many people consider bitcoin as a store of value but I don't think so, bitcoin is undervalued and is only classified as a speculative asset like the stock market. Hopefully this will change in the future.
In the long run, bitcoin can still grow but not because it is a store of value but because the price will only increase when there is positive news impact or manipulation is needed.
I refuse to be confused by the so-called experts, some of them like to change the narrative by confusing the minds of those who are not deeply rooted in the financial market. Let me say I don't totally say Bitcoin can't be a safe-haven asset, but to attain that status, there must be a huge government commitment, that's how people can change their scope/view about it.
This may start with the strategic reserve, if governments are serious about it, individuals and companies will follow suit. Is the strategic reserve happening soon, I guess not! That is when we can start taking Bitcoin as a safe-have seriously, at least at the lightest.
But now, Bitcoin is 100% a risk-on market, which is the opposite of a safe-haven asset, and people should accept it as such to avoid issues with their investments. And if at all, the governments would start building the strategic reserve, it will take years for the safe-haven status to be fully effective. Are they now saying we should act based on what has not happened?
I think this narrative of bitcoin being a safe haven could work beautifully if trump still going forward on his promise to make it strategic reserve, otherwise I think it won't be as good as our expectation.
the problem here is, so many people still thinks bitcoin as just another stock, that if there's any news about something that could affect stock it'd affect bitcoin too.
it's understandable since there has been many shift from stock trader or investors to crypto lately. so they'll have the same mindset.
but I think eventually people will figure out that bitcoin is different compared to stock.
Woah, it has always been a safe haven and it's just people that has been blind to see it. You're making it look as if it's Trump that has the final say. Watch it, let another world power declare they want to make a strategic Bitcoin reserve and follow through with it and then you'd see how America will rush to take Bitcoin serious. It's as if since no one has thought of it, Trump wields the power but that's not so. When we put too much hope on Trump making Bitcoin hit another ATH since the last one was observed during his inauguration, it will then seem as if Bitcoin can't grow without his say-so.
Overall Trump tries to trigger recession world wide and not just for USA, if world economy becomes slow down then people will obviously leave off stock markets including dollar but will look for gold and other opportunities where bitcoin still an option for investors. But what I am sceptical on is, when inflation will be at its peak, common people may prefer to spend on daily life rather than securing for future. It means, on recession, world's top riches, may start preferring bitcoin whereas rest of people may start selling bitcoins.
I agree that Trump's policies are good for bitcoin but not for me as a non-USA yet average Joe from a developing country. I need an environment where I could able to continue my bitcoin saving by spending my salary from my day job. If my salary will not be enough for life's daily needs, then I will be forced to a position to spend my bitcoins. I am afraid about such days because of Trump's tariff war.
Whether Bitcoin is a safe haven or not is for people to decide, Bitcoin cannot decide this by itself. Even if it's better than gold, if people still consider it a speculative asset, it's still just a speculative asset.
Which superpower will be brave enough to make bitcoin a national reserve currency and make the United States regret not doing it first? Conversely, I don't even think any country would be interested in making bitcoin a national reserve if the US didn't do it.
I don't know what Trump can do with Bitcoin but he can shake the world economy worth over 120 trillion dollars. And I don't think Bitcoin can do well in an unstable economy and that's exactly what is happening.
The US impact is still huge on the world economy and I don't like that but I won't deny it.
Another aspect of it might be the rise of digital grey market. There's still a grey area about transaction of services but the transaction of money is what limiting people from evading the taxes but with increased taxes, people would be more inclined on evading it and for that, crypto would be an easy way. Trading of goods too are traded illegally but that is much risky and outright crime while it would be difficult to prove whether the service was traded and if to what extent and of what cost. So, bitcoin would be a choice of transaction for many and as Trump promised crypto friendly environment in his campaign, he would probably won't just outright ban crypto. He's unpredictable yet I believe he'd stick to his words.
The structures on ground pertaining the economy crisis, the increment of the Trumps tarrif plans which is negatively affecting Bitcoin in the meantime might be a turn around good for Bitcoin in an average time during this critical period but I don't think if all that policies is basically drafted to the favor of Bitcoin if not, Trump is only interested about the US economy knowing quite well that Bitcoin is a global resource which means curving a means of it (Bitcoin) elevation is equal to elevating the entire worlds economy of those already adopted Bitcoin
Trump is a sentimental economist whom I believe to be self-centered.
So even if by any means Bitcoin price is revived and wider adoptions is ascertained that the people would see it as a safe to hold on to, it is because they have foreseen it that the nationals economies is being crumbled by monopolies and manipulations which then, only decentralized commodities like Bitcoin would come for their rescue and when this great time comes, the credit is not to be given to the Trumps tarrif plans rather the people has realized that Bitcoin is the hedge to hold their values as a result of fear not to lost it all in the stocks.
Yes, but if we look at what Trump is doing, every decision he makes, somewhat affected Bitcoin market. But it's hard to see what's the benefit of it for us. I mean it's more on the economic policies of the US and countries that are going to be affected by the new tariff that he is going to imposed.
And if we look at the price, it didn't put any pressure on it, on the contrary we've seen some positive news. However, maybe in the broader terms this could be positive for us as investors are wise enough to see that we are still in the bull run and so they are still going to invest at least for this year, with our without the tariff policy by the Trump administration.
As I've seen in some threads already, BTC follows the stock market chart a bit, so, when we return to stability, we will see more push from the investors.
I don't see the push happening unless Trump will push for "Stability" of all parties.
Trump 'Liberation Day' tariffs create chaos in markets, recession concerns
Economic observers are concerned
https://cointelegraph.com/news/trump-liberation-day-tariffs-markets-recession
Economic observers are concerned over Trumps tariff policy, which has markets worried about a possible recession.
Of course, Bitcoin is a store of value and has proven this over a long period of time. However, I didn't really understand how Trump's tariff war could have a positive impact on Bitcoin later on.
As we saw today, the market reversal following the decision to raise tariffs led to a market decline. I also believe that the negative effects of this decision will last for a long time because the country that suffered as a result of Trump's decision will respond in kind, which will lead to further market tensions.
If the tariffs would later impact positively to the price of bitcoin in the future, it will be good but for now let us deliberate on how the market is reacting towards the Trump's tariffs. Bitcoin is falling alongside with stocks, isn't that a mockery to bitcoin? If the tariffs is to impart positively to the price of bitcoin it should be now and not later because bitcoin could have been a safe haven to run to as the tariffs are affecting stocks. I don't know about how others are seeing this Trumps tariffs but for me i don't think it will later turn out positive for bitcoin but if it does, that's fine. My concern is just how the market is being manipulated in recent times because if it persist, people will begin to lose interests in bitcoin.