Bitcoin is still a speculative asset like the stock market, unlike gold. So, not just the tariff war, any event that impacts and destabilizes the economy can negatively impact it in the short term. It's inevitable, but in the long run, the currency will recover and grow again, so if the tariff war continues. We should see this as an opportunity to accumulate more bitcoin, not a time to fear or complain...
I will rather say bitcoin is regarded as speculative but not truly, bitcoin stands just like gold in my opinion, its more of a digital gold but just that it is volatile and its this volatility that has made many people to see it as a speculative asset if not it is not.
Yes, it's decentralized, it has a limited supply...it has all the makings of a safe haven asset like gold. But we have to accept the fact that it is very volatile, dumped in an unstable economy or manipulated. That means it's not a safe haven yet. I don't know if that will change in the future, but for now, it's a speculative asset whether you admit it or not.
Bitcoin long term holders are always those who are on the profit side because no matter how bitcoin volatility changes it always pumps up after a very long time. Even this current economic crisis caused by tariff hikes I think if it keeps prolonging bitcoin will definitely not follow its path of actually going down but will certainly find balance and pumps up, this is because amidst this tariff challenge many will need a currency for long term hold or store of value and thats where bitcoin comes in
No one is denying its potential in the long run, what I am talking about is just in the short term and it tends to be the opposite of gold or to put it bluntly it is not yet the digital gold we think it is.
