{"id":126767,"date":"2025-04-09T06:16:12","date_gmt":"2025-04-09T06:16:12","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126767"},"modified":"2025-04-09T06:16:12","modified_gmt":"2025-04-09T06:16:12","slug":"trump-tariffs-reignite-idea-that-bitcoin-could-outlast-us-dollar","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126767","title":{"rendered":"Trump tariffs reignite idea that Bitcoin could outlast US dollar"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe lingering fears triggered by US President Donald Trump\u2019s sweeping global tariffs have analysts increasingly convinced that Bitcoin is now more likely than ever to challenge the US dollar in the years ahead.<br \/>\n\u201cHigher chance Bitcoin survives over the dollar in our lifetime after today,\u201d Bitwise Invest head of alpha strategies Jeff Parks said in an April 9 X post.<br \/>\nInvestors will be left with no other option but Bitcoin, says crypto exec<br \/>\n\u201cFirst time the thought hit me and didn\u2019t feel like theory but an actual truth to grapple with,\u201d Parks added.\u00a0<br \/>\nBitwise CEO Hunter Horsley shared a similar view, noting that with trust in the US dollar waning and other foreign currencies seen as \u201ceven weaker,\u201d investors are left with fewer choices.\u00a0<br \/>\nHe argued that gold, typically seen as a safe harbor amid uncertainty, also has drawbacks around shipping and storage and implied that Bitcoin may be the only option left. \u201cYou wind up buying Bitcoin,\u201d Horsley said.<br \/>\nSource: Michael SaylorThe US Dollar Index \u2014 which tracks its strength against a basket of major currencies \u2014\u00a0 is trading at 102.193, down 5.84% since Jan. 1, according to TradingView. However, Wall Street analysts were mistaken in thinking that the tariffs would bolster the US dollar, according to a recent Wall Street Journal report.<br \/>\nOn April 2, Trump signed an executive order establishing a 10% baseline tariff on all imports from all countries, which took effect on April 5. Harsher reciprocal tariffs on trading partners with which the US has the largest trade deficits then kicked in on April 9.<br \/>\nUncertainty around the tariffs and fears of a broader recession have been major catalysts for a wide traditional and crypto market decline.<br \/>\nBitcoin (BTC) is trading at $76,301, down 18.37% since Jan. 1, according to CoinMarketCap data.<br \/>\nBitcoin author Saifedean Ammous said in an April 8 X post that America\u2019s issue isn\u2019t with one specific country\u2019s deficit but with aggregate deficits worldwide due to having a \u201cfiat money printer.\u201d<br \/>\nRelated: Bitcoin weekly RSI hits bull market low as trader sees $70K BTC price bottom<br \/>\n\u201cAn ever-increasing number of Americans can live off the money printer as long as the rest of the world is using the dollar,\u201d Ammous said.<br \/>\nHe argued that the real solution is to stop printing \u201cfake money\u201d and move to a hard store of value, naming Bitcoin or gold as examples.<br \/>\n\u201cAnother way to solve this problem would be for the world to move to a hard money standard and stop using America\u2019s shitcoin, and give Trump the trade surpluses he thinks he wants.\u201d<br \/>\nMagazine: Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler\u2019s Digest, March 30 \u2013 April 5<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-odds-outlasting-united-states-dollar-tariffs-crypto-analysts?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe lingering fears triggered by US President Donald Trump\u2019s sweeping global tariffs have analysts increasingly convinced that Bitcoin is now more likely than ever to challenge the US&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126767"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126767"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126767\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126767"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}