#TrumpTariffs
Trump's Tariffs and Bitcoin: What Happened?
During Trump's presidency, he liked to impose tariffs (meaning taxes) on many goods coming from outside America, especially from China. He believed that this protected jobs and industry within his country. However, what happened was that prices increased for people, and companies started to struggle because they had to pay more for raw materials and goods they were importing.
People began to worry about the impact of these policies on the economy, so many of them decided to look for safe alternatives for their money. This is where Bitcoin came into play. Because it is a digital currency not controlled by a government or central bank, many people saw it as a good way to preserve the value of their money during crises.
So, when things are unstable, like during trade wars or inflation, people might turn to Bitcoin as a form of protection. This sometimes drives its price up.
And if Trump comes back again, we might see similar policies, and at that time people will look again at Bitcoin as an alternative solution.
