$BTC
The Bitcoin market is on edge due to President Trump's "Liberation Day" tariffs, which have introduced significant uncertainty and volatility. Analysts believe that clarity on these tariffs will be crucial in determining the market's direction.
Some experts think that Trump's tariff policies could ultimately bolster Bitcoin's long-term appeal. For instance, Omid Malekan, an adjunct professor at Columbia Business School, suggests that Bitcoin might emerge as a viable alternative to traditional safe-havens like gold ¹. This perspective is based on the idea that tariffs could erode the U.S. dollar's dominance in global trade, creating space for non-sovereign assets like Bitcoin to gain traction.
However, others are more cautious, pointing out that the immediate outlook remains cloudy. The introduction of tariffs has sparked concerns about a global economic slowdown, prompting investors to retreat from assets perceived as high-risk, including cryptocurrencies.
In terms of current market data, Bitcoin's price has been trending downward, reflecting broader market unease tied to macroeconomic factors, including the looming tariffs. As of today, Bitcoin's price is $83,065.74, with a 1.77% decrease.
Ultimately, the impact of Trump's tariffs on Bitcoin's price remains uncertain. As the situation unfolds, it's essential to keep a close eye on market developments and analyst insights.