Trader Eugene: Global trade tariffs may be bearish for risk assets in the long term and will fade out of the crypto market in the short term

Odaily Planet Daily News: Trader Eugene wrote that the introduction of global trade tariffs marks a shift in the global order that has not been seen in nearly 50 years, from free trade to protectionism, which will put long-term pressure on global risk assets. He believes that it is extremely unlikely that Trump will completely withdraw the tariff plan. Eugene pointed out that the most worrying thing in the crypto field at present is the structural decline in the number of developers. Compared with the previous cycle, there is not only a lack of major progress, but also a bleaker future outlook. Previously, the market had high hopes for ETFs and regulatory expectations, but the reality did not meet expectations. He said that operations in the crypto market will be reduced in the next few weeks and months, and exploring new areas may be more meaningful at this stage. However, Eugene is still optimistic about the long-term value and global acceptance of Bitcoin, and believes that "it is not a fantasy for BTC to rise to $1 million in 2035."