The US elected a president who promised to make the country great but he is making them lose a hard earned greatness.Trump lacks sound global economic foundations and his knowledge is mainly formed by several conspiracy theories. He believes that the US can punish the entire world without any consequences. The worst of it is that he surrounds himself with half baked advisers who are his puppets. Most of them are scared to tell him the truth.
The effect of his poor economic policy is the growing lack of confidence in the American economy. Investors now see the US market as unstable and risky. Therefore, it's not strange to see investors choose other markets rather than put money in the US economy.
The dollar is still strong and dominating the global economy. And the US is doing all within its power to carry out damage control caused by the tariff war to restore investors' confidence. But the truth is that the US economy has received self inflicted fatal blow. These short unplanned economic policies have opened the eyes of investors to other safe havens. And I don't think it's temporary, more people will buy Bitcoin and other assets.