The lingering fears triggered by US President Donald Trump’s sweeping global tariffs have analysts increasingly convinced that Bitcoin is now more likely than ever to challenge the US dollar in the years ahead.
“Higher chance Bitcoin survives over the dollar in our lifetime after today,” Bitwise Invest head of alpha strategies Jeff Parks said in an April 9 X post.
Investors will be left with no other option but Bitcoin, says crypto exec
“First time the thought hit me and didn’t feel like theory but an actual truth to grapple with,” Parks added.
Bitwise CEO Hunter Horsley shared a similar view, noting that with trust in the US dollar waning and other foreign currencies seen as “even weaker,” investors are left with fewer choices.
He argued that gold, typically seen as a safe harbor amid uncertainty, also has drawbacks around shipping and storage and implied