It’s global, fast, and permissionless. No middlemen. No borders. No tariffs. You can send value anywhere with no friction. That’s powerful in a world where governments are tightening control.
Tariff is paid for goods as they come into another country. Therefore, the issue is not the means of payment for the good but the import duty that will be imposed as the good enters the receiving country.
Trade wars also hurt fiat currencies. Inflation rises, trust falls. People look for hard money. Bitcoin steps in as the digital escape hatch.
Less trust in the system means more reasons to hold BTC.
Tariff war? Not a problem. For Bitcoin, it’s a tailwind.
The price of gold appreciated during this period because it is a popular/traditional hedge against inflation. As currencies lose value due to inflation, people who are aware of Bitcoin could use it to shield their finances from inflation.