#TrumpTariffs An Unexpected Catalyst for the Crypto Market

The tariff policy of the Trump administration, often referred to as #TrumpTariffs, not only disrupted traditional trade but also inadvertently provided a boost to the cryptocurrency market. As businesses and investors faced supply chain uncertainties and rising costs of goods, many turned to crypto as a safe haven and a hedge against risk.

In particular, Bitcoin has been likened to 'digital gold', becoming an attractive asset amidst concerns over inflation and the depreciation of fiat currency due to trade tensions. This increased interest has contributed to the strong price surge of digital currencies during the 2018-2020 period.

Although #TrumpTariffs does not directly target the crypto market, its indirect impact has reinforced the position of cryptocurrencies as a borderless asset, immune to traditional tariff policies.