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No country wins a global trade war, BTC to surge as a result: Analyst

Coin Telegraph LogoCoin Telegraph22h ago

No country wins a global trade war, BTC to surge as a result: Analyst - Coin Telegraph

Quick Summary:

US President Donald Trump's trade policies will create worldwide macroeconomic turmoil and short-term financial crises that will ultimately lead to greater adoption of Bitcoin (BTC) as a store of value asset, according to Bitwise analyst Jeff Park.

Despite the Increased demand for Bitcoin as a store of value against rapidly depreciating fiat currencies driving BTC prices higher in the long term, global financial markets would feel the short-term pain and wealth destruction of the trade war, according to Park.

This increased demand for BTC will drive prices much higher in the long term, the analyst concluded.In an X post on Feb.2, Park predicted the immediate impact of a trade war:"The tariff costs, most likely through higher inflation, will be shared by both the US and trading partners, but the relative impact will be much heavier on foreigners.

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Article Details

Author / Journalist: Cointelegraph by Vince Quill

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-05 @ 15:58:43 (22 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 513 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27603220

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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  • URL: https://chronographically.beamstart.com/news/no-country-wins-a-global-17438653147238

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