#TariffsPause
Despite the direct and limited impact of tariffs on Bitcoin and cryptocurrencies, as they are more influenced by monetary policies and global supply and demand, some analysts believe that increasing tariffs could lead to higher costs for importing mining devices, which reduces miners' profits and weakens the networks of some cryptocurrencies, especially those relying on the Proof of Work algorithm like Bitcoin.
On the other hand, others believe that if tariffs lead to inflation or volatility in traditional markets, investors may turn to cryptocurrencies as a safe haven or hedging instrument, which could drive their prices up.
