The United States economy is caught in an increased state of vulnerability after US President Trump announced sweeping tariffs to a host of trade partners. Indeed, it has subsequently threatened the nation’s currency, as one expert points to the reality that Bitcoin now has a greater chance of outlasting the US dollar.
Specifically, Jeff Park, the head of Alpha strategies at Bitwise Invest, discussed the two currencies. Moreover, he noted that the currency situation could create a monumental shift that sees the leading cryptocurrency actually outlast the global reserve asset.
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Bitcoin to Outlast the US Dollar? Here’s What One Expert Is Saying
The US is currently on the brink of a trade war with China. Moreover, it is facing increased recession risks based on the nation’s new Liberation Day tariffs. Its 10% baseline import duty has already been answered by many countries, with the European Union (EU) announcing a retaliatory tariff of up to 25%.
This has many in the United States worried about the short- and long-term implications of the policy. Subsequently, it could be beneficial to one asset that has proven to be a hedge against inflation and downturns. Specifically, one expert has recently discussed why Bitcoin has a greater chance of outlasting the US dollar.
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Bitwise strategist Jeff Park recently took to X (formerly Twitter) to discuss the reality. Specifically, he noted there is a “higher chance Bitcoin survives over the dollar in our lifetime after today.”
Moreover, Park noted that the development is a shift that extends far beyond just ideas. In the post, the expert said it was the “first time the thought hit me and didn’t feel like theory but an actual truth to grapple with.”
Bitcoin has certainly struggled amid a tariff-driven market downturn. The asset is currently trading at the $77,000 level. However, its potential in the global market is undeniable. Indeed, it could be adopted en masse at a much faster rate than the greenback. Moreover, the recent downturn could threaten the dollar’s potential in the near and long-term future.