Bitwise executive: Tariffs may only be a temporary tool, Bitcoin will rise in the long run

Odaily reported that Bitwise Alpha's chief strategist Jeff Park said that tariffs may only be a temporary tool, but the long-term conclusion is that Bitcoin will not only rise, but rise faster, because both sides of the trade imbalance equation want Bitcoin, so the end result is the same: higher prices and faster speed. Mercuryo CEO Petr Kozyakov pointed out that after Trump announced tariffs on Friday, a wave of FUD swept through the cryptocurrency market, and the prospect of long-term 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, in stark contrast to the across-the-board decline of . plunged overnight to just above $91,000, a drop of nearly 10%, before rebounding to around $95,000. Other major cryptocurrencies fell even more, with Ethereum down about 20%, while performed relatively better than Ethereum, falling only 6%.