TechFlow reported on February 3 that, according to Forbes, Petr Kozyakov, CEO of payment platform Mercuryo, said Trump's Friday tariff announcement triggered a wave of fear, uncertainty, and doubt (FUD) in the crypto market.
Jeff Park, Head of Strategy at Bitwise Alpha, published an analysis suggesting that an impending trade war could actually benefit Bitcoin. He stated on social media: "Tariffs may be temporary tools, but the bottom line is that Bitcoin will not only rise, but rise faster. Both sides of the trade imbalance will need Bitcoin for different reasons—the outcome is the same: in this war, Bitcoin will surge rapidly and dramatically."
On the institutional front, Wall Street giants led by BlackRock have been steadily expanding their investments in Bitcoin and cryptocurrencies over the past year, with the launch of spot Bitcoin ETFs accelerating Bitcoin's mainstream adoption within traditional finance. Markets are now closely watching the ongoing impact of the trade war on crypto asset pricing.
