Trump’s trade war will send BTC price ‘violently higher’ — analyst
“This is undoubtedly my highest conviction macro trade for the year,” Bitwise executive and analyst Jeff Park wrote on social media.
US President Donald Trump’s trade tariffs will send Bitcoin (BTC) prices “violently higher” in the long term due to a weakening of the US dollar in global currency markets and lower yields on US government securities, Jeff Park, head of alpha strategies at financial services firm BitWise, argued.
According to the analyst, tariffs are being pushed to achieve the end goal of weakening the US dollar in international trade to correct trade imbalances and make US exports more attractive.
Park said that the “Plaza Accord 2.0 is coming” — a reference to a 1985 agreement between the United States, Japan, West Germany, France, and the UK to weaken the US dollar.
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Author: Vince Quill
