$BTC
#TrumpTariffs
Trump Tariffs and Bitcoin: What Happened?
During Trump's presidency, he liked to impose tariffs (meaning taxes) on many things coming from outside America, especially from China. He believed that this protected jobs and industry in his country. But what happened was that prices increased for people, and companies started to get confused because they had to pay more for raw materials and items they imported.
People started to worry about the impact of these policies on the economy, so many of them decided to look for safe alternatives for their money. This is where Bitcoin came into play. Because it's a digital currency that isn't controlled by a government or central bank, many people saw it as a good way to preserve the value of their money during crises.
So, when things are unstable, like during trade wars or inflation, people might turn to Bitcoin as a form of protection. This sometimes causes its price to rise.
And if Trump comes back, we might see similar policies, and at that time, people will look at Bitcoin again as an alternative solution.
