The tariff policy itself has uncertainties, which may lead to intensified trade frictions, triggering market risk aversion and causing investors to reduce their allocation to risk assets such as cryptocurrencies. Additionally, tariffs may drive up the prices of imported goods, leading to inflation, which in turn affects the Federal Reserve's monetary policy decisions, indirectly impacting the cryptocurrency market. Overall, the impact of this proposal on the cryptocurrency market is multifaceted, making it difficult to simply determine whether it is bullish or bearish.