The tariff war may weaken the global dominance of the dollar. If China retaliates (such as by restricting rare earth exports) and drives up inflation, countries may accelerate their exploration of alternatives to the dollar. By March 2025, the global stablecoin trading volume had reached $2.3 trillion, indicating a demand for non-dollar assets. Bitcoin, as a decentralized currency, may become a hedging tool, similar to the rise of gold after the Bretton Woods system collapsed in 1971.

Historical trends provide support. During the trade war from 2018 to 2019, Bitcoin ultimately rose by 250%, and trading volume surged by 284%. If demand for the dollar declines, Bitcoin may break through $120,000 to $150,000 after 2025. This potential breakthrough will be a long-term focus for the crypto market amid the escalation of the tariff war.