$BTC TrumpTariffs hello! Trump's tariffs, designed to protect the U.S. industry, create uncertainty in global markets and, by extension, in cryptocurrencies. Volatility is a direct consequence, with significant drops in Bitcoin and altcoins following tariff announcements.
The rise in inflation due to the tariffs could lead to more restrictive monetary policies, such as higher interest rates, reducing the appeal of risk assets like cryptocurrencies. Furthermore, the costs of cryptocurrency mining could increase due to tariffs on imported hardware.
Despite Trump's pro-crypto rhetoric and the possibility of a strategic Bitcoin reserve, the short-term economic uncertainty generated by the tariffs may overshadow these benefits and maintain pressure on the crypto market.