Despite Bitcoin Crash, Bitwise Predicts ‘Violent’ Surge Amid Trump’s Tariffs
The Bitcoin price sank by more than 13.5% over the weekend, dropping as low as $91,201 on Binance. The sell-off followed US President Donald Trump’s announcement of new trade tariffs. The administration levied a 25% tariff on most imports from Canada and Mexico, added a 10% tax on Chinese goods, and imposed a 10% tariff on Canadian energy resources. While market observers typically view such aggressive moves as a negative for risk assets, one prominent voice at Bitwise Invest sees a wildly different scenario, predicting that these tariffs could fuel a “violent” long-term rally in Bitcoin.....
Related News
Donald Trump’s tariff war is only heating up – he announced a 25% levy on aluminum and steel imports. Trump also warned that countries levying US imports will face even higher tariffs. Bitcoin ($BTC) dipped to $94K on the back of the announcement, and most altcoins followed. However, $BTC has now rebounded to $97K, so […]
Bitcoin holds its ground as Trump’s tariffs put investors on the back foot and projects like $ETH, $DOGE, and BTC Bull Token, that are directly connected to $BTC’s success, may capitalize on it. Despite the White House’s positive outlook on the crypto market, which culminated with Trump’s Bitcoin Reserve earlier this month, the February 1st, […]
Trump’s recent intensification of tariff policies and fears of even greater tariffs to come have ignited widespread concern among economists, investors, and policymakers. Unsurprisingly, markets have crashed. Major indices experienced sharp declines: S&P 500 is down 11% over the past month, and the Dow Jones is down 10.6% over the same period. Tech stocks suffered […]
US President Donald Trump has overachieved in his first 100 days as president; nothing has been more influential than his tariffs. In fact, Trump’s tariffs and trade war aren’t just impacting prices on the shelves; they’re on the verge of reshaping the world economy — and they could boost crypto’s best presales in the process. […]
Crypto asset management firm Bitwise announced the launch of the ‘Bitwise Crypto Industry Innovators ETF’, the first listed ETF in the US with ‘crypto’ in it’s name. Bitwise has over $1.5B in assets under management. The Bitwise ETF The Bitwise ETF will be listed on the New York Stock Exchange under the ticker BITQ. The […]