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

According to ChainCatcher, Cointelegraph reported that Bitwise analyst Jeff Park stated that Trump's trade policies might trigger global macroeconomic turbulence and a short-term financial crisis, but this could also accelerate the widespread adoption of Bit 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 devaluation of fiat currencies. As economic growth comes under pressure, global funds may flow into anti-inflationary, non-sovereign assets like Bit to hedge risks. In the long term, this will become an important driving force for the rise of Bit prices.