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

Odaily Planet Daily News Bitwise Alpha Strategy Director Jeff Park said that tariffs may only be a temporary tool, but the long-term conclusion is that Bitcoin will not only go higher, but also faster, because both sides of the trade imbalance equation want Bitcoin, so the final result is the same: higher prices and faster speeds. Petr Kozyakov, CEO of crypto payment platform Mercuryo, pointed out that after Trump announced the tariffs on Friday, a wave of FUD was set off in the cryptocurrency market, and the prospect of long-term interest rate hikes shook all markets around the world. Although Bitcoin has fallen below the $100,000 mark, the king of cryptocurrencies has once again proved itself unique, in stark contrast to the altcoins that have fallen across the board. Bitcoin plunged to just over $91,000 overnight, with a minimum drop of nearly 10%, and then rebounded to around $95,000. Other major cryptocurrencies fell more, with Ethereum falling by about 20%, and Solana seemed to perform better relative to Ethereum, falling only 6%.