US President Donald Trump’s global tariffs have sparked fears that Bitcoin could challenge the US dollar in the future. Bitwise Invest’s Jeff Parks believes there is a higher chance of Bitcoin outlasting the dollar. Hunter Horsley, CEO of Bitwise, also shares this sentiment, noting the dwindling trust in the US dollar and other currencies. As the US Dollar Index weakens, investors are exploring alternative options, with Bitcoin emerging as a potential choice. Trump’s tariffs have not bolstered the dollar as expected, leading to market uncertainties. Bitcoin is currently trading at $76,301, marking an 18.37% decrease since the beginning of the year. Saifedean Ammous suggests that moving away from fiat money and towards a hard store of value like Bitcoin or gold could address economic challenges. Amidst market fluctuations, the future relationship between Bitcoin and the US dollar remains uncertain.
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