Park argues that the macroeconomic instability resulting from the trade war will prompt governments to adopt inflationary fiscal and monetary policies, further debasing fiat currencies. This will lead to a worldwide flight to safer assets, with Bitcoin positioned as a key alternative store of value.
Bitcoin’s Long-Term Price Surge
As the demand for Bitcoin grows in response to deteriorating fiat currencies, Park predicts a significant long-term increase in Bitcoin’s value.
In a post on X (formerly Twitter) on February 2, Park noted that the initial impact of Trump’s trade policies would likely result in higher inflation, which would disproportionately affect countries outside the U.S. The tariffs, he explained, would create major economic difficulties, especially for foreign economies.
Short-Term Financial Pain
Despite the potential for Bitcoin to soar in the long term, Park warned that the immediate effect of the trade war would result in severe short-term financial pain and wealth destruction across global financial markets. However, he remains optimistic that the long-term adoption of Bitcoin as a hedge against currency depreciation will ultimately drive its price higher.
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