Trump tariffs reignite idea that Bitcoin could outlast US dollar

Key Points

  • Bitcoin is increasingly seen as a viable alternative to the US dollar due to Trump's global tariffs.
  • Crypto analysts believe Bitcoin's survival over the US dollar is becoming a tangible possibility.
  • The US Dollar Index has weakened, contrary to expectations that tariffs would strengthen it.

Summary

The article discusses the growing sentiment among cryptocurrency analysts that Bitcoin could potentially outlast the US dollar, especially in light of President Donald Trump's recent global tariffs. These tariffs, which include a 10% baseline on all imports and harsher reciprocal tariffs on countries with significant trade deficits with the US, have led to a decline in the US Dollar Index and sparked fears of a broader economic downturn. Analysts like Jeff Parks from Bitwise Invest and Hunter Horsley, CEO of Bitwise, argue that with diminishing trust in the US dollar and other currencies perceived as weaker, Bitcoin emerges as a more appealing option for investors. The article also touches on the views of Bitcoin author Saifedean Ammous, who criticizes the US's reliance on fiat currency and suggests a shift towards hard money like Bitcoin or gold as a solution to global economic imbalances. The discussion highlights a pivotal moment where Bitcoin's role as a store of value is being seriously considered amidst economic uncertainty.

cointelegraph
April 9, 2025
Crypto
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