President Trump’s introduction of new tariffs on April 2, 2025, significantly impacted the global cryptocurrency market. Bitcoin experienced a notable decline from $88,000 to $82,000 following the announcement, reflecting broader risk-off sentiment in the financial markets. The impact suggests these tariffs could further disrupt the already volatile crypto landscape. Economists express concern about potential inflationary pressures arising from these tariffs. Some experts speculate that this may drive adoption of cryptocurrencies as a hedge against economic instability. Notably, Bitcoin’s price surge might be driven by the anticipation of greater use as a safe haven during uncertain times. Zach Pandl suggests taxing international capital flows could accelerate Bitcoin adoption, potentially reaching a new high of $150,000.