Bitwise executive: Tariffs may only be a temporary tool, Bitcoin will still rise in the long term

ChainCatcher news, according to Forbes, Bitwise Alpha's strategic director Jeff Park stated that tariffs may only be a temporary tool, but the long-term conclusion is that Bitcoin will not only rise but will rise faster, as both "sides" in the trade imbalance equation want Bitcoin, so the end result is the same: higher prices and faster speeds.

Petr Kozyakov, CEO of the crypto payment platform Mercuryo, pointed out that after Trump announced tariffs on Friday, a wave of FUD swept through the cryptocurrency market, and the prospect of long-term interest rate hikes shook all global markets. Although Bitcoin has fallen below the $100,000 mark, the king of cryptocurrencies once again proves its uniqueness, standing in stark contrast to the widespread decline of altcoins. Bitcoin plummeted overnight to just above $91,000, with a drop of nearly 10%, before rebounding to around $95,000. Other major cryptocurrencies experienced even larger declines, with Ethereum down about 20%, while Solana performed relatively better compared to Ethereum, only dropping 6%.