Analyst: Trump's repeated tariff game may become the biggest risk for Bitcoin bulls

Odaily Planet Daily News Swyftx chief analyst Pav Hundal said that Trump's "tariff ultimatum" in the next two months is the biggest threat to Bitcoin bulls. He pointed out that US policymakers may wait for "hard data" before starting to relax monetary policy, which may lead to slower growth and suppress market sentiment. Bitcoin once fell below $100,000 due to trade policy uncertainty and continued to fluctuate for 3 months. Although the U.S. International Trade Court ruled on May 28 that Trump's tariffs were invalid, he recently decided to increase foreign steel and aluminum tariffs to 50%. Hundal believes that if the tariff uncertainty is lifted, Bitcoin is expected to hit $120,000 in June. (Cointelegraph)