Analysis: No country can win in a global trade war, and the price of Bitcoin will soar as a result

ChainCatcher news, according to Cointelegraph, Bitwise analyst Jeff Park stated that Trump's trade policies could trigger global macroeconomic turmoil and a short-term financial crisis, but this will also accelerate the widespread adoption of Bitcoin as a store of value. Park believes that the uncertainty brought by the trade war will prompt governments to adopt more inflationary fiscal and monetary policies, leading to further depreciation of fiat currencies. As economic growth comes under pressure, global funds may flow into inflation-resistant, non-sovereign assets like Bitcoin for hedging. In the long term, this will become an important driving force for the rise in Bitcoin prices.