Bitwise Executive: Tariffs May Be Just a Temporary Tool, Bitcoin Will Rise in the Long Run

Jeff Park, the Chief Strategy Officer at Bitwise Alpha, stated that tariffs may just be a temporary tool, but the long-term conclusion is that Bitcoin will not only rise but will rise faster, as both sides of the trade imbalance equation desire Bitcoin. The ultimate outcome is the same: higher prices and faster speeds. Petr Kozyakov, CEO of the crypto payment platform Mercuryo, pointed out that following Trump's announcement of tariffs on Friday, a wave of FUD swept through the cryptocurrency market, and the prospect of prolonged interest rate hikes shook all global markets. Although Bitcoin has fallen below the $100,000 mark, the king of cryptocurrencies has once again proven its uniqueness, contrasting sharply with 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 greater declines, with Ethereum dropping about 20%, while Solana performed relatively better compared to Ethereum, dropping only 6%.