PANews reported on February 5 that according to The Block, US President Trump invoked the International Emergency Economic Powers Act (IEEPA) last Saturday to impose comprehensive tariffs on Mexico, Canada and China. The tariff policies of Mexico and Canada are currently in an uncertain state due to diplomatic consultations.

Analysts believe that this move could weaken the global dominance of the U.S. dollar and prompt investors to turn to decentralized assets such as Bitcoin to hedge against economic instability. James Butterfill, head of research at CoinShares, said that policies such as IEEPA could accelerate Bitcoin adoption, saying that Bitcoin "maintains financial stability through network effects and checks and balances government behavior."

Jiang Jinze, chairman of Muse Labs, pointed out that IEEPA's cross-border freezing power may exacerbate the decoupling of global markets from the United States and further weaken the long-term credibility of the U.S. dollar. Gordon Grant, a crypto derivatives trader, believes that such economic emergency measures intertwined with trade policies may lead to a decline in market confidence in the U.S. dollar and drive funds into portable digital assets such as Bitcoin.