VanEck Analyst Says Retaliatory Steps From China and EU Could Boost Narrative for Crypto – Here’s Why
The impact of new US tariffs on global trade relations could potentially have a positive effect on digital assets, according to a leading analyst at a global investment firm. Matthew Sigel, the head of digital assets research at VanEck, recently shared insights on how the current trade tensions between the US, China, and the EU could shape the future of Bitcoin and other cryptocurrencies.
Sigel pointed out that countries like China and Russia have already started using digital assets for energy transactions, and even countries like Bolivia and France are exploring similar initiatives. This trend signifies a shift towards using digital assets as tools for energy trade and monetary realignment, rather than just speculative investments. In light of President Trump’s latest tariffs, Sigel believes that the adoption of Bitcoin for energy trade could accelerate, positioning it as a key player in the emerging multi-polar economic landscape.
To better understand the potential impact on the crypto markets, Sigel suggests keeping an eye on the policies of major players like the US Federal Reserve, China, and the EU. He also highlights the importance of monitoring the strength of the US dollar, Bitcoin exchange-traded fund (ETF) inflows, and on-chain activity. If China and the EU were to retaliate against the US tariffs by shifting away from the dollar-based systems, it could further bolster the case for digital assets as alternative forms of currency and investment.
The recent executive order signed by President Trump, imposing tariffs on multiple nations in an effort to protect domestic manufacturing, has already caused fluctuations in global markets. Both digital assets and traditional stock prices experienced a sharp decline following the announcement, indicating the potential economic repercussions of the trade war.
As the landscape of global trade continues to evolve, the role of digital assets in energy trade and monetary realignment is becoming increasingly significant. By staying informed of key developments and market trends, investors can position themselves strategically to navigate the changing economic dynamics and capitalize on the growing opportunities in the crypto space.
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