Trump’s trade war will send BTC price ‘violently higher’ — analyst

Trump’s trade war will send BTC price ‘violently higher’ — analyst

“This is undoubtedly my highest conviction macro trade for the year,” Bitwise executive and analyst Jeff Park wrote on social media.

US President Donald Trump’s tariffs will send Bitcoin 

BTC$95,150 prices “violently higher” in the long term due to a weakening of the US dollar in global currency markets and lower yields on US government securities, argues Jeff Park, head of alpha strategies at financial services firm BitWise.

According to the analyst, tariffs are being pushed to achieve the end goal of weakening the US dollar in international trade to correct trade imbalances and make US exports more attractive.

Park said that the “Plaza Accord 2.0 is coming” — a reference to a 1985 agreement between the United States, Japan, West Germany, France and the UK to weaken the US dollar.

The analyst added that the tariffs will cause increased inflation that will be disproportionately felt by US trading partners and result in further currency debasement worldwide that will cause the citizens of those countries to seek alternative store-of-value assets like Bitcoin.