How Trump’s Tariffs Might Make Bitcoin the New Global Currency 🤯

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In a twist of fate that would make even the most jaded satirist raise an eyebrow, an analyst from the illustrious halls of VanEck has posited that the economic tantrums of China and the European Union might just be the unexpected midwife for the crypto renaissance. 🍼

Matthew Sigel, the self-appointed oracle of digital assets at VanEck, took to the digital agora of X to proclaim that President Trump’s latest tariff tirade could, in fact, be the catalyst for Bitcoin’s ascension as the preferred medium for energy trade settlements. Because, of course, nothing screams “global currency” like a decentralized digital asset born from the ashes of the 2008 financial crisis. 🚀

“China and Russia, those paragons of financial transparency, have been caught red-handed settling energy deals with Bitcoin and other digital assets – just as we predicted. Bolivia, not to be outdone, announced in March its plans to import energy using crypto. And in Europe, the French utility EDF (Électricité de France, for the uninitiated) is considering using surplus electricity – currently exported to Germany – to mine Bitcoin. Because why not turn excess energy into digital gold?”

These developments, Sigel notes, underscore the transformation of digital assets from speculative playthings to tools of energy trade and monetary realignment. In this context, the latest tariffs aren’t just an economic kerfuffle – they’re the accelerant for Bitcoin’s role in the emerging multi-polar order. Because nothing unites the world like a decentralized ledger. 🌍

Sigel, ever the sage, advises traders to keep a watchful eye on the policies of the US Federal Reserve, China, and the EU to better navigate the crypto markets. He also highlights the importance of the US dollar’s strength and Bitcoin ETF inflows. According to Sigel, if China and the EU decide to retaliate against Trump’s tariffs and move away from the US dollar, it could turbocharge the use cases for digital assets. Because nothing says “financial revolution” like a geopolitical spat. 💥

“Investors should monitor the evolving path of Fed policy: dovish shifts in rate expectations and rising liquidity are historically positive for Bitcoin. The U.S. Dollar Index (DXY) is another key gauge – any signs of dollar weakness may support the Bitcoin-as-hedge narrative. Bitcoin ETF flows and on-chain activity also matter: despite volatility, U.S.-listed spot Bitcoin ETFs are still net positive by ~$600 million year-to-date, with renewed inflows seen in late March. And finally, any retaliatory steps from China or the EU – especially ones that bypass dollar-based systems – could accelerate the strategic case for crypto.”

Last week, Trump, in a move that shocked absolutely no one, signed an executive order imposing sweeping tariffs on a long list of nations, ostensibly to protect domestic manufacturing. The announcement sent global markets into a tailspin, causing a sharp dip in digital asset and stock prices. Because nothing says “economic stability” like a good old-fashioned trade war. 🛑

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2025-04-07 03:02