$BTC 1. It is inevitable that market risk aversion sentiment will intensify: Tariffs are synonymous with trade wars. Once it starts, the stock market is likely to shake three times. Historical experience tells us that when the market panics, funds flee to gold, the US dollar, and... you know... cryptocurrencies like Bitcoin! Just think about the trade war period from 2018 to 2019, when Bitcoin occasionally surged against the trend; it was the safe-haven property at work.

2. Inflation concerns add fuel to the fire: The direct consequence of tariffs is that imported goods become more expensive, which adds fuel to an already high inflation situation. The Federal Reserve is even more hesitant to cut interest rates, and the continued high-interest rate environment puts pressure on risk assets. However, conversely, assets with strong anti-inflation narratives may be brought out for speculation.