Trump’s Tariffs: A Boon for Bitcoin and Cryptocurrencies?

Balaji Srinivasan, former Coinbase CTO, has a message for the world: “Tariffs are likely bad for the US economy, but good for cryptocurrency.”

Why, you ask? Well, it’s simple, really. Production can’t go up overnight, but prices can. Because returning production to a country is even harder than building it in the first place.

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Source: JPMorgan

JPMorgan’s findings highlight a shifting economic landscape. Traditional markets are bracing for turbulence, while crypto stands to gain as a hedge against rising costs. With inflation eating into fiat-based economies, businesses and investors may turn to digital assets as a financial safe haven.

So, as the world grapples with the consequences of Trump’s tariffs, one thing is clear: Bitcoin and cryptocurrencies are ready to ride the storm. 🌪️🚀

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2025-02-26 13:01