Odaily星球日报讯 尽管关税短期令比特币承压，但分析师认为长期或将利好 BTC 作为“数字黄金”的定位。Grayscale 研究主管 Zach Pandl 表示，若关税政策落地后市场情绪修复，加密资产有望重新聚焦基本面。他认为，关税将削弱美元主导地位，提升比特币等替代资产吸引力。哥伦比亚大学教授 Omid Malekan 亦称，比特币可能在全球经济不确定性中取代黄金成为避险选择。（CoinDesk）

Odaily星球日报讯 尽管关税短期令比特币承压，但分析师认为长期或将利好 BTC 作为“数字黄金”的定位。Grayscale 研究主管 Zach Pandl 表示，若关税政策落地后市场情绪修复，加密资产有望重新聚焦基本面。他认为，关税将削弱美元主导地位，提升比特币等替代资产吸引力。哥伦比亚大学教授 Omid Malekan 亦称，比特币可能在全球经济不确定性中取代黄金成为避险选择。（CoinDesk）

分析：特朗普关税政策或利好比特币长期表现

Odaily Planet Daily News: Although tariffs have put short-term pressure on Bitcoin, analysts believe it may be beneficial for BTC's long-term positioning as "digital gold" in the future. Grayscale Research Director Zach Pandl stated that if market sentiment recovers after tariff policies are implemented, crypto assets may refocus on fundamentals. He believes tariffs will weaken the US dollar's dominant position and enhance the attractiveness of alternative assets like Bitcoin. Columbia University Professor Omid Malekan also suggested that Bitcoin might replace gold as a hedging option amid global economic uncertainty. (CoinDesk)

Analysis: Trump's tariff policy may be good for Bitcoin's long-term performance

According to the research report by The Kobeissi Letter, the current long-term inflation expectation in the United States has soared to 4.1%, reaching its highest level since 1993. Trump's tariff policy is considered the main cause of this issue, as trade deficit has exceeded $300 billion in just over two months, which severely impacted consumer confidence. In addition to long-term inflation expectations, the 1-year inflation expectation has also surged from 2.6% to 5.0% in less than three months...

US long-term inflation expectations soar, tariff war continues to exacerbate market volatility

<Odaily>Odaily Planet News: QCP stated in its official channel that Bitcoin (BTC), Ethereum (ETH), and the S&P 500 Index have just recorded their worst quarterly performance in three years. Over $160 billion in crypto market value has been wiped out since last Friday, with the market still searching for bullish momentum. 

The significant pullback last Friday was due to massive expiration at the end of the quarter, with traders selling heavily at mid-prices, causing excess funds to shift from neutral to negative. During the crypto deleveraging, macroeconomic data delivered another blow: core inflation data exceeded expectations, confirming inflation strengthening in February, despite consumer spending remaining sluggish. The market is now nervously turning to the next potential catalyst - Trump's tariff policy on April 2nd.

Volatility indicators paint a mixed picture, with the Volatility Index (VIX) remaining high at 22, reflecting continued market unease. In contrast, crypto trading volumes withstood the selloff, continuing to trend lower despite similar declines and Friday's massive selloff. Platform data suggests trading activity is skewed towards bullish Asian market opening. Buyers are holding upper risk exposure (strike prices between $85,000 and $90,000) and selling downside risk (strike price at $75,000), which may be a bet on crypto's bullish outlook for the second quarter.

QCP: Markets focus on the direction of US tariff policy tomorrow, trading activity tends to be bullish in Asia opening

Despite the ongoing economic uncertainty, the crypto industry continues to benefit from a favorable political environment, with the Trump administration pushing for increasingly clear regulatory frameworks, and institutional participation enthusiasm continues to grow.

Author: Bitfinex Alpha
Translator: Tim, PANews

Bitcoin's performance in the first quarter of 2025 hit a near-decade low, despite the price initially soaring to a historical high of $109,590 at the beginning of the year, the quarterly closing still recorded a decline of nearly 11%. The initial market optimism about Trump's potential election and pro-cryptocurrency policies, as substantive regulation...

Analysis: Trump's tariff policy may be good for Bitcoin's long-term performance

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