A global investment company analyst notes that economic retaliation from China and the European Union (EU), in response to new US tariff policies, could become a positive catalyst for the digital asset market.
On the social media platform X, Matthew Sigel – Head of Digital Assets Research at VanEck – suggests that new tariffs proposed by former President Donald Trump will accelerate the use of Bitcoin as a payment tool in energy trade.
"Recently, China and Russia have been revealed to have started using Bitcoin and other digital assets to settle some energy transactions – exactly as we predicted. Bolivia also announced plans to import energy with cryptocurrency in March. In Europe, EDF (Électricité de France) is considering using excess electricity – currently exported to Germany – to mine Bitcoin," Sigel shared.
According to him, these movements reflect a clear shift of digital assets – from a speculative tool to a practical role in energy trade and reshaping the global monetary order. In this context, new tax policies are not simply an economic issue, but could also help define Bitcoin's strategic role in an emerging multipolar world.
Sigel also recommends that investors closely monitor monetary policies of the US Federal Reserve (Fed), China, and the EU to better understand cryptocurrency market prospects.
Additionally, he emphasized the critical role of USD strength and capital flows into Bitcoin ETFs. He suggests that if China and the EU implement retaliatory measures to reduce dependence on the USD, this could further expand digital asset applications.
"Investors need to track the Fed's direction – historically, expectations of monetary policy loosening and increased liquidation have benefited Bitcoin. The DXY index (USD strength index) is also an important measure – any weakness signals of the greenback could consolidate Bitcoin's role as a hedge asset," he said.
"Capital flows into Bitcoin ETFs and on-chain activity are also factors to watch. Despite recent volatility, US-listed spot Bitcoin ETFs have recorded a positive net capital inflow of around 600 million USD since the beginning of the year, with a new investment wave returning at the end of March."
He concludes that any retaliatory measures from China or the EU – especially steps aimed at moving away from the USD-based financial system – could help promote long-term cryptocurrency development strategies.
Previously, last week, former President Trump signed an executive order imposing broad or retaliatory tariffs on many countries, with the aim of protecting domestic manufacturing. This move caused global market turbulence, leading to significant declines in both digital asset and stock markets.
Disclaimer: The article is for informational purposes only, not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment choices.
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