Can Bitcoin (BTC) withstand the macroeconomic shocks brought by Trump's tariff policy and play an anti-inflation role? There is uncertainty. Here is a specific analysis:

Theoretical Anti-Inflation Properties

- Limited Supply: The total supply of Bitcoin is fixed at 21 million coins, which theoretically gives it the potential to combat inflation. When traditional currencies experience inflation due to excessive issuance and other factors, Bitcoin's supply will not increase due to human intervention, and its scarcity may enhance its value.

- Decentralization: Bitcoin is not controlled by any single government or financial institution, which can help avoid the risk of currency depreciation caused by government policy interventions. When the macroeconomy fluctuates due to tariff policies, it may become a choice for investors seeking a safe haven for value.

Practical Uncertainties

- High Price Volatility: Bitcoin's price is easily influenced by market supply and demand, investor sentiment, and other factors, resulting in extreme volatility. For instance, in 2022, Bitcoin experienced a 'free-fall' decline due to the Federal Reserve's interest rate hikes. Under the macroeconomic shocks caused by Trump's tariff policy, its price may also fluctuate significantly, making it difficult to stabilize its anti-inflation role.

- Relatively Small Market Size: The Bitcoin market is relatively small and can be easily manipulated, affecting the authenticity and stability of its price. During macroeconomic turmoil, large inflows and outflows of funds can have a significant impact on Bitcoin's price, making it hard to be a reliable safe-haven asset.

- Unclear Regulatory Attitude: Countries around the world have differing regulatory attitudes toward Bitcoin, with some Western countries, represented by the United States, having weak regulation. Changes in regulatory policies may significantly impact Bitcoin's trading and use. Under the macroeconomic shocks brought by tariff policies, governments may strengthen regulations on financial markets, including Bitcoin, which would introduce uncertainty into Bitcoin's development and value.

In summary, although Bitcoin theoretically possesses anti-inflation properties, due to its own characteristics and the complexity of the market environment, it is difficult to determine whether it can truly withstand the shocks and play an anti-inflation role under the macroeconomic shocks triggered by Trump's tariff policies.#比特币