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

Odaily 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 the possibility of Trump completely withdrawing the tariff plan is extremely low.
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 coming weeks and months, and it may be more meaningful to explore new areas at this stage.
However, Eugene remains 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 US dollars in 2035."