Could Bitcoin Follow the Stock Market After Trump’s Tariffs? Experts Weigh In.

While Bitcoin has held strong despite a turbulent stock market, some experts believe this stability may not last. Analysts at Matrixport predict that Bitcoin could soon follow suit, potentially mirroring the movements of the stock market after President Trump announced new tariffs targeting 15 countries, including China, Canada, and Mexico. These tariffs are anticipated to impact risk-taking assets like Bitcoin, prompting investors to pull their funds out, potentially leading to a price drop. Crypto analysts Markus Thielen and Aran Hawker also highlight this possibility. Thielen points to Bitcoin’s low funding rate and decreased trading activity as evidence of caution in the market. Meanwhile, CoinPanel CEO Aran Hawker links these shifts to wider economic changes like tariffs and suggests they can have a significant impact on the digital asset market. Bitcoin’s price has seen volatility in recent weeks, reaching a record high of $108,000 in January but dropping below $90,000 last week. Now, with Trump’s new tariff plans looming, some experts believe this could potentially benefit Bitcoin in the long term. Columbia Business School professor Omid Malekan sees Bitcoin as potentially gaining credibility as a safe asset similar to gold. However, other perspectives remain critical of Bitcoin’s stability. Economist Peter Schiff, known for his Bitcoin skepticism, argues that it remains too risky and unstable. This uncertainty surrounding Bitcoin’s future has fueled debate about its potential response to the impending economic landscape.