Could Bitcoin Become an Inflation Hedge If Trump’s Tariffs Weaken the US Dollar?

Messari’s Dylan Bane suggests that if tariffs weaken the US dollar’s position as a dominant global currency, Bitcoin could transition into a credible inflation hedge and long-term store of value similar to gold. Currently, Bitcoin is highly correlated with the U.S. equity market, particularly the S&P 500, with correlations exceeding 70% at times. However, Bane believes this correlation may weaken over time as tariffs could lead to a decoupling between Bitcoin and US equities.