Record US tariffs may push up cryptocurrency prices

On April 2, U.S. President Donald Trump is set to unveil a new wave of tariffs — an event he's dubbed «Liberation Day.» While many investors brace for market turbulence, several analysts believe this policy shift could actually strengthen Bitcoin’s position as a global asset.
 

Tariffs as a Turning Point for Crypto

The upcoming announcement is expected to impose reciprocal tariffs on 15 countries, including China, Canada, and Mexico. While Wall Street fears these measures may push the global economy closer to recession, others see an opportunity for Bitcoin to reassert itself as a store of value.
 

«Bitcoin may benefit from a weakening dollar and increased demand for alternatives like gold,» said one strategist. «If crypto can break away from tech stock correlation, tariffs could actually drive capital into Bitcoin.»
 

Bitcoin has struggled in recent weeks, falling from its 2025 highs above $100,000 to hover in the $85,000 range. The crypto market has moved in lockstep with risk assets like equities, dampening hopes that regulatory reforms under Trump would fuel a bull run.
 

Institutional Confidence Remains High

Some analysts argue that the worst may already be priced in. If Trump’s announcement proves to be measured and phased, markets — including crypto — could rally.
 

«Announcements like Circle’s IPO show that institutional confidence in digital assets remains strong,» said an analyst. «In the long term, tariffs may accelerate the shift away from dollar dominance and create space for assets like Bitcoin.»
 

Despite recent price weakness, experts remain optimistic. «I wouldn’t have left Wall Street if I didn’t believe Bitcoin will ultimately prevail,» one former economist said. «The first few months of the Trump administration have only strengthened that conviction.»