Tariffs and trade tensions on Bitcoin may end up being positive (BTCAsset manager Grayscale said in a research note on Wednesday that it will be adopted in the medium term.
The report said higher tariffs led to stagnation – economic growth coupled with inflation, which is negative for traditional assets, but positive for scarce commodities such as gold.
Bitcoin is considered hard money, similar to digital gold, and is regarded as a modern value store, the report notes.
Cryptocurrency announced in President Donald Trump 90-day tariff suspension For countries that have not retaliated against the United States
“Trade tensions could put pressure on the dollar’s reserve demand, opening up space for competing assets, including other fiat currencies, gold and Bitcoin,” Grayscale said.
Asset managers say historical precedents show that dollar weakness and above-average inflation may persist, and Bitcoin may benefit from this macro context.
“A rapidly improving market structure can help expand the investor base of Bitcoin, supported by changes in U.S. government policy.
Read more: The Trump administration wants a weak dollar, which is positive for Bitcoin:
