According to Jeff Park's Bitwise, Bitcoin (BTC) is positioned as a long -term profit, regardless of President Donald Trump's trade policy.
If the agreement succeeds, the dollar weakens or trade disputes, regardless of whether the dollar is extended, the Park is a long -term positive catalyst of Trump, including tariffs, is a long -term Bitcoin. He claimed that there was a possibility.
On weekends, Trump introduced 25 % of tariffs on most imports from Canada and Mexico, and introduced 10 % of imports on imports from China. In response, the affected countries have announced retaliation measures, strengthening US dollars by more than 1 % to major currencies, causing a decrease in stock futures and cryptographic prices.
With bitcoin Ethereum (ETH) In a wider macro -driven market defeat, about 5 % and 17 % were reduced.
Bitcoin was ready to get up
In the cryptographic market, low -fluid weekends and leverage de transactions may amplify price fluctuations. The Seloff caused a liquidation wave, and the estimated $ 10 billion leverage position was wiped out 24 hours from Sunday night to Monday morning, marking the largest liquidation event in cipher history.
The analysis of the park is rooted in the dilemma of Trifin, which explains the issues facing the country that issues the world's preparatory currency. The US dollar's global preparation status creates a sustainable trade deficit and overestimated dollar, and at the same time, the US government can borrow it with a low price for sustainable demand for debt.
Trump's economic strategy seems to be dealing with these imbalances while maintaining the advantage of dollar hegemony. Analysts may consider tariffs as tools to lead other countries to negotiating tables, and may lead to a multilateral agreement to weaken dollars without raising long -term interest rates.
A historic precedent in the 1985 Plaza Agreement, West Germany, France, the UK, and Japan agreed to reduce the US dollar to support the US manufacturing, which is partly due to tariff threats.
The role of the US dollar as a global reserve currency creates a sustainable trade deficit and overestimated dollar. The US government can also borrow it at a lower price due to the continuing demand for debt.
Trump's economic strategy
Trump's economic strategy seems to deal with the negative aspects of this dilemma while maintaining its profit. Analysts may be considered a tool that leads other countries as a tool that leads to other countries to negotiating tables, and may lead to a multilateral agreement that weakens dollars without increasing long -term interest rates.
One of the historical precedents is the 1985 Plaza Code, and West Germany, France, the UK, and Japan agree to the US dollar adjusted. The contract was supported by the US manufacturing industry, and some were promoted by tariff threats.
If Trump negotiates a similar contract well, bitcoin can benefit from lower interest rates, which tends to promote risk asset investment. However, if negotiations fail and long -term tariff wars continued, expected economic deceleration could lead to large -scale financial stimuli, which is another historical factor that supports bitcoin prices. 。
Ultimately, the park believes that Bitcoin is suitable for rising in both scenarios, through the stimulus of economic recession, whether it is a control of the controlled dollar.
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