The relationship between tariffs and Bitcoin could be positive for the adoption of the cryptocurrency in the medium term, according to Grayscale.

Explanation

Tariffs are fees charged on the import of goods and services from other countries.

They make products more expensive and less attractive to consumers.

Tariffs can lead to stagflation, which benefits scarce assets like Bitcoin and gold.

Trade tensions may challenge the US dollar as the world's sole reserve currency, opening the door for new reserve assets like Bitcoin.

Bitcoin is a virtual currency, also known as cryptocurrency. It operates as a kind of internet money, without a centralized control system over its commercial exchanges.