Below is a summary of the sharing content from Brother Dahui (founder of 1783DAO & BroadChain Finance) during the Space on April 18th.
1️⃣ Self-introduction:
• Worked at Tencent for many years, co-founded a private securities investment fund, holds qualifications for securities and fund operations;
• Entered the Bitcoin industry in 2014, founded the blockchain media 'BroadChain Finance' in 2018;
• In 2022, initiated the Asian Web3 & AI community '1783DAO', hosting multiple offline summits in Hong Kong, Singapore, Japan, Dubai, Thailand, and other places;
• Focus on U.S. stocks, crypto, macro strategies;
2️⃣ What is the initial impact of tariff policies on the crypto market?
Trump's tariff policy will have far-reaching impacts on global capital markets and everyone's life.
• Similar to 2018, Bitcoin fell from a high of $20,000 to $3,200;
• The current decline (end of 2024 to early 2025) is due not only to tariff impacts but also to the positive effects of Bitcoin's strategic reserves being fully priced in and the Federal Reserve's monetary policy factors;
• Altcoins have already entered a bear market ahead of time, with most down 80-90%;
• The adjustments caused by tariffs have largely been priced in.
3️⃣ Will tariffs guide the flow of global capital? Is crypto a risk or an opportunity?
Tariffs intensify market risk aversion, capital may flow into low-risk assets.
Although the short-term impact has been reflected, the future trend remains uncertain.
4️⃣ How to view long-term impacts? Which macro variables are more critical?
• Future tariffs may be slightly increased, but the impact is limited;
• The real risk is economic recession, which could trigger a larger-scale financial crisis;
• War, though terrible, sometimes promotes technological development;
• The core variable remains: the Federal Reserve's monetary policy.
5️⃣ Will traditional funds turn to crypto for risk aversion?
• Currently, there is no significant inflow of traditional risk-averse capital into crypto;
• Crypto assets are still high volatility, high-risk assets;
• Gold continues to hit new highs, while Bitcoin has technically entered a bear market (down 20%+ from its peak);
• The so-called 'digital gold' still needs time.
6️⃣ Advice for investors:
✅ Improve your ability to earn 'fiat income' (including stablecoins like USDT, USDC);
✅ Prepare your bullets, extend the cycle;
✅ Mainly focus on dollar-cost averaging, or buy the dip during significant pullbacks.
🧠 Summary:
Tariffs are just the fuse; the real deciding factors are the Federal Reserve, macro liquidity, and global risk appetite.
Bitcoin is still in a bull market cycle; maintain patience, liquidity, and judgment.