PANews reports on April 6th that, according to Cointelegraph, Bitwise analyst Jeff Park stated that Trump's trade policies may trigger global macroeconomic turbulence 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 devaluation of fiat currencies. As economic growth comes under pressure, global funds may flow into anti-inflationary, non-sovereign assets like Bitcoin for hedging. In the long term, this will become an important driving force for Bitcoin's price increase.
