#美国加征关税
The long-term impact of US tariffs on the cryptocurrency market is complex and multifaceted.
Firstly, tariffs increase import costs, leading to higher inflation expectations and a stronger dollar, which may squeeze liquidity from high-risk assets like Bitcoin, putting pressure on short-term prices.
Secondly, increased global trade friction exacerbates economic uncertainty, prompting investors to turn to decentralized crypto assets as safe-haven instruments, which is a long-term positive for mainstream coins like Bitcoin.
Thirdly, tariffs may drive up crypto mining costs (such as hardware and energy), squeezing the profits of small and medium-sized miners and accelerating industry concentration. In addition, if the United States adjusts its crypto regulatory policies due to the tariff war, it may affect market confidence. However, if "crypto-friendly" policies promoted by Trump (such as strategic Bitcoin reserves) are implemented, it may stimulate market growth.
Overall, the economic volatility brought about by tariffs may suppress the crypto market in the short term, but in the long term it may strengthen the safe-haven attributes and global adoption rate of crypto assets, depending on policy games and market adaptation.