by Sana Bukhari
The global financial market, including cryptocurrency, is experiencing turmoil as former U.S. President Donald Trump’s aggressive tariffs on Mexico and Canada have sparked a trade war. Analysts predict these tariffs will weaken the U.S. dollar, potentially benefiting cryptocurrencies. Certain crypto tokens present a strong buying opportunity as investors look for alternatives.
Renowned financial analyst Peter Schiff has pointed out that Trump’s tariff policies are detrimental to the U.S. dollar. His analysis highlights the dollar’s decline against major global currencies such as the Euro and the Yen.
“As I’ve been saying, tariffs are not bullish for the dollar. This morning, the dollar is at its lowest level against the Euro since Dec. 10 and its lowest against the Yen since Oct. 9. Not only will tariffs make goods more expensive, but a weaker dollar will add to the cost,” Schiff stated.
As I've been saying, tariffs are not bullish for the dollar. This morning, the dollar is at its lowest level against the euro since Dec. 10th and its lowest against the yen since Oct. 9th. Not only will tariffs make goods more expensive, but a weaker dollar will add to the cost.
— Peter Schiff (@PeterSchiff) March 4, 2025
Crypto Market Gains Momentum Amid U.S. Strategic Reserve Announcement
While this economic uncertainty has triggered volatility in the crypto market, experts see it as an opportunity to buy digital assets at lower prices. Historically, downturns in traditional markets have often driven increased interest in cryptocurrencies, which are viewed as a hedge against fiat currency devaluation.
As Trump’s tariff war unfolds, the announcement of a U.S. Strategic Crypto Reserve adds further momentum to the crypto market. Trump recently stated:
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration… My Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.”
With the U.S. positioning itself as a global leader in cryptocurrency, investors are closely watching which tokens will benefit the most.
- Bitcoin (BTC)
Major global financial organizations including BlackRock now embrace Bitcoin for investment but remember investors also consider it because BTC holds its position as the leading cryptocurrency for trading. Investors should consider adding BTC because it serves as the primary digital currency reserve and belongs to the U.S. Strategic Crypto Reserve. With its $82,800 value Bitcoin represents an excellent purchase for investors who want to invest their money over the long term.
- Solana (SOL)
Solana has gained popularity because it handles transactions quickly and offers affordable rates, and it is accompanied by a growing community of meme coins and smart apps. A Solana ETF prospect combined with a reserve list position makes it an appealing investment asset. Research heavily matters when deciding to buy dip tokens, even though they remain unpredictable.
- XRP (XRP)
The market is showing strong performance for XRP right now, with its current price at $2.31. More users are turning to XRP for cross-border transfers, and the regulatory environment is improving, making it an appealing asset for investment. Approving ETFs for investment would help increase demand for this asset in federal strategic crypto reserves.
Trump’s tariffs made traders unsure about financial markets, so they looked at crypto assets instead. The weakening dollar value and U.S. Strategic Crypto Reserve formation create perfect conditions for investors to invest in Bitcoin, Solana, and XRP. These tokens will bounce back before other assets because market conditions return to normal according to precedent.
#blockchain #crypto, #decentralized, #distributed, #ledger
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