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Will Trump's victory affect the Bitcoin rate? Should we wait for the $115,000 mark?
Trader and economist Henrik Seeberg in a new interviewsaid. that the economic policy of Donald Trump, as the new US president, could cause a serious downturn in the crypto market. According to Zeberg, cryptocurrencies should prepare for a blow, as Trump's tariff strategy could easily push America into a recession.
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Bitcoin rate collapse or growth?
Judging by Zeberg's words, if Donald takes on import duties, Bitcoin could be in trouble, and there will be no 115,000-bucks rate.
"If Trump starts tightening the screws on duties again, we will see history repeat itself. In the 20s and 30s, everything ended in collapse. And if bitcoin is on a hype now, it may be covered with a copper basin under the new tariffs. In short, get ready for the winter, crypto winter. Historical experience shows that protectionism often leads to negative consequences. Investors should be careful and follow the news from Washington,"said. Seeberg.
According to Henrik, Bitcoin's price may well surge to $115,000 in the near term, as the hype goes off the charts again. But as soon as trade conflicts loom on the horizon, a sharp pullback and a prolonged downturn will begin. Trade wars will slow global GDP and add fuel to the unemployment fire. In such a situation, investors will go looking for more "stable havens" for their investments, leaving Bitcoin behind.
The analyst notes:
"If Trump fails to fulfill his promises to support crypto, the correction could be even more painful than it seems now."
Bitcoin ETFs are not a guarantee of growth. The integration of crypto into traditional finance is not a proof of its success, but rather of its dubious stability.
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