On April 6, according to Bitwise analyst Jeff Park, US President Donald Trump's trade policy will trigger global macroeconomic upheaval and a short-term financial crisis, which will ultimately lead to greater adoption of bitcoin as a means of saving. Park believes that the economic instability caused by the trade war will prompt governments to adopt inflationary fiscal and monetary policies that will further devalue fiat currencies and lead to risky behavior on a global scale seeking alternative means of saving, such as bitcoin.
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On April 6, according to Bitwise analyst Jeff Park, US President Donald Trump's trade policy will trigger global macroeconomic upheaval and a short-term financial crisis, which will ultimately lead to greater adoption of bitcoin as a means of saving. Park believes that the economic instability caused by the trade war will prompt governments to adopt inflationary fiscal and monetary policies that will further devalue fiat currencies and lead to risky behavior on a global scale seeking alternative means of saving, such as bitcoin.