🚨Analysts have allowed the crypto market to fall further amid political uncertainty📉
Crypto investors are disappointed by the lack of progress in creating a US bitcoin reserve, and Donald Trump's statements about trade tariffs are causing concern. These are the conclusions of industry experts.
SkyBridge Capital CEO Anthony Scaramucci noted that Trump's unpredictable behavior will lead to short-term "turbulence" in the market, but in the long term, Bitcoin and cryptocurrencies in general will emerge as "winners".
According to trader and Fidenza Macro newsletter author Geo Chen, in anticipation of the development of "trade wars", market participants will avoid risks. Many crypto assets may lose up to 50% of their prices compared to January highs, but a recovery will occur later.
Bitwise portfolio manager Jeff Park believes that the goal of Trump's tariff policy is to weaken the dollar without increasing long-term interest rates. In his opinion, the high cost and demand for the dollar on the world market "forces the United States to have a permanent trade deficit in order to supply the world with dollars."