PANews reported on April 2 that according to CoinDesk, Grayscale Research Director Zach Pandl said that the impact of tariffs on cryptocurrencies may have been "priced in" and the worst may be over. Pandl estimates that tariffs have reduced economic growth by 2% this year so far. But Trump's so-called "Liberation Day" may actually prevent the worst pain felt by financial markets. Pandl said: "If we see that the tariff policy announced on Wednesday is both tough and phased, and focuses on the 15 countries they seem to be targeting, I expect the market to rebound from the news. Once we get through this announcement period, the cryptocurrency market may refocus on fundamentals, which are very positive." Pandl said that if institutions do not have high confidence in the digital asset field and its related policies, announcements like Circle's initial public offering (IPO) will not happen.

In addition, Pandl believes that tariffs will increase demand for non-US dollar currencies. Despite the current market pessimism about prices, Pandl still believes that Bitcoin will hit a record high this year. He said: "If I didn't think Bitcoin would win in the long run, I wouldn't quit my job on Wall Street."