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Bitcoin has benefited from this deglobalization that Trump has been promoting," he told Cointelegraph during the daily Chain Reaction program on X on June 5.
"Tariffs created a lot of animosity among international associations and people," he stated, which led major entities and nation-states to question whether their wealth was safe in the U.S. economy.
Trump announced his reciprocal tariffs on imports on April 2, measures aimed at reducing the country's estimated trade deficit of USD 1.2 trillion in goods and boosting domestic manufacturing.
New Bitcoin whales reach record realized capitalization
The growing adoption of Bitcoin by large investors pushed the realized capitalization of Bitcoin among new whales to a record USD 113.7 billion on Tuesday, according to data from CryptoQuant.
The metric measures the total amount of Bitcoin held by whales with at least 1,000 Bitcoin, with an average coin age of less than 155 days, excluding centralized exchanges and Bitcoin miner addresses.
In addition, the average age of Bitcoin holders has also been decreasing, meaning there are more short-term holders acquiring exposure to Bitcoin, according to Outumuro from Sentora.
"It is a sign that the market is heating up," the analyst stated, adding that Bitcoin acquisitions through exchange-traded funds and other "public vehicles like Twenty One Capital" are offsetting a significant portion of the selling pressure of Bitcoin from long-term holders.
Led by Strike CEO Jack Mallers, Twenty One Capital aims to develop a native Bitcoin capital markets infrastructure, allowing products like loans, custody, and asset issuance to operate directly on the Bitcoin networks.
