Bitcoin outlasts US Dollar despite Trump Tariffs

As a result of the fears that remain after US President Donald Trump’s tariffs, analysts are more convinced than ever before that Bitcoin could challenge the US dollar over the next few years.

“Higher chance Bitcoin survives over the dollar in our lifetime after today,” Jeff Parks, head of Alpha Strategies at Bitwise Invest said In an April 9, X Post.

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“First time the thought hit me and didn’t feel like theory but an actual truth to grapple with,” Parks added. 

Bitwise CEO Hunter Horsley shared The same view was expressed by others, who noted that the US dollar is losing its appeal and foreign currencies are seen as more attractive. “even weaker,” Investors have fewer options. 

He said that while gold is often seen as the safest option in times of uncertainty, it has its own drawbacks, including shipping and storage, and that Bitcoin could be his only choice. “You wind up buying Bitcoin,” Horsley says.

The US Dollar Index — which tracks its strength against a basket of major currencies —  is trading at 102.193, down 5.84% since Jan. 1, according TradingView. According to the Wall Street Journal, Wall Street analysts believed that tariffs would boost the US dollar. report.

Trump signed the April 2nd Executive Order. an executive order establishing a 10% baseline tariff All imports of all products from all countries were subject to a ban that took effect on the 5th April. Reciprocal reciprocity is more severe tariffs On April 9, the US began to publish the list of trading partners where the US had the greatest trade deficits.

Fears of recession and uncertainty about tariffs have played a major role in the declines seen on both traditional markets and crypto ones.

BitcoinBTCThe price of a ) has fallen by 18.37% from January 1, according CoinMarketCap Data

Bitcoin author Saifedean Ammous said The post on April 8th X stated that America was not concerned with a specific country’s budget deficit, but the aggregate global deficits as a result of having. “fiat money printer.”

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“An ever-increasing number of Americans can live off the money printer as long as the rest of the world is using the dollar,” Ammous said.

The real solution, he said, is to stop the printing “fake money” Move to hard stores of value such as Bitcoin and gold.

“Another way to solve this problem would be for the world to move to a hard money standard and stop using America’s shitcoin, and give Trump the trade surpluses he thinks he wants.”

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This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.