PANews reported on April 6 that according to Cointelegraph, Bitwise analyst Jeff Park said that Trump’s trade policy may trigger global macroeconomic turmoil and short-term financial crisis, but this will also accelerate the widespread adoption of Bitcoin as a tool for storing value.

Park believes that the uncertainty caused by the trade war will prompt governments to adopt more inflationary fiscal and monetary policies, leading to further depreciation of fiat currencies. As economic growth comes under pressure, global funds may flow into inflation-resistant, non-sovereign assets such as Bitcoin for risk aversion. In the long run, this will become an important driving force for the rise in Bitcoin prices.