According to a recent report from COINOTAG News dated April 2nd, Chief Analyst Ryan Lee of the Bitget Research Institute has emphasized the growing interest in Bitcoin as a safe-haven asset amid proposed tariff measures from U.S. President Trump. The suggested imposition of a 20% tariff has raised alarms regarding the stability of fiat currencies, particularly the U.S. dollar, in light of escalating inflation concerns. Financial analysts like Jim Reid from Deutsche Bank and Chris Weston from Pepperstone caution that such tariffs could lead to a perilous scenario of stagflation, where rising costs outpace economic growth.
From an economic standpoint, the acceptance of these tariffs could heighten manufacturing expenses, further inflaming inflationary pressures. Such a climate fosters sustained market volatility, prompting investors to seek refuge in Bitcoin as a viable hedge against inflation. The demand for this cryptocurrency may see a notable surge, reflecting its appeal amidst ongoing economic uncertainties.