Emre Yumlu 
US President Donald Trump’s tariffs have revived the idea among investors that Bitcoin could dethrone the US dollar.
“No Longer a Theory, But a Real Possibility”
Jeff Parks, Head of Alpha Strategies at Bitwise Invest, made a striking statement on social media platform X on April 9:
“After today, the likelihood of Bitcoin outlasting the dollar is higher than ever.”
Parks also emphasized that this is no longer just a theory, but “a real issue to grapple with.”
Investors Have Fewer Options: Only Bitcoin Remains
Bitwise CEO Hunter Horsley expressed a similar view. According to him, trust in the US dollar is declining, while other foreign currencies are even weaker, leaving investors with no real alternatives.
Although gold is traditionally seen as a safe haven, Horsley pointed out that its transportation and storage bring certain difficulties, and eventually, the only option left is Bitcoin:
“You end up buying Bitcoin.”
Dollar Weakens While Bitcoin Faces Pressure
The US Dollar Index (DXY) has dropped by 5.84% since January 1, falling to the level of 102.193. While Wall Street analysts had predicted that Trump’s tariffs would strengthen the dollar, the opposite happened, and the dollar kept losing value.
On April 2, Trump signed an executive order introducing a 10% baseline tariff on imports from all countries. This decision took effect on April 5, while harsher tariffs on countries with the largest trade deficits came into force as of April 9.
The uncertainty created by these policies has fueled recession fears, leading to significant selling pressure across both traditional financial markets and crypto assets.
Since January 1, Bitcoin has dropped by 18.37%, trading at $76,301.
Bitcoin or Gold: Real Value Against Fake Money
Renowned Bitcoin author Saifedean Ammous shared his thoughts on April 8, stating that the issue is not with any specific country, but rather with global trade deficits.
Ammous argued that the US economy survives through a “money printing machine”, and the real solution is to move away from “fake money” and adopt hard-supply assets like Bitcoin.
One of Ammous’ striking remarks was:
“If the world stops using America’s shitcoin and switches to currencies with real value, then Trump might finally get the trade surpluses he wants.”
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