Odaily News Noelle Acheson, author of the Crypto Is Macro Now newsletter, said that if the tariff panic subsides quickly, it would be a good thing for risk assets, including Bitcoin. But if it doesn't, safe-haven assets such as Bitcoin could benefit from investors seeking to hedge against the depreciation of their own currencies and prepare for the development of the new economy.
Even so, Bitcoin's success relies heavily on the strength of the U.S. dollar. "A weaker dollar against other currencies would be good for global liquidity and could reawaken risk appetite, benefiting Bitcoin and stocks," she noted.