Here's How New Tariffs Could Be One More Reason to Buy Bitcoin
Bitcoin (CRYPTO: BTC) isn't as safe as holding cash when economic times get tough. As a cryptocurrency, it's volatile, and it's nearly impossible to use it to buy something you might actually need, like a burrito.But, in the case of how the economy will respond to the tariffs proposed by the Trump administration, it could be a very good asset to have on hand, especially if you're worried about your purchasing power getting eroded. Here's why.Before getting into how Bitcoin could be a useful investment in the context of new tariffs in the U.S., it's necessary to learn a little bit about how tariffs tend to affect the economy.Continue reading
Bitcoin (CRYPTO: BTC) isn't as safe as holding cash when economic times get tough. As a cryptocurrency, it's volatile, and it's nearly impossible to use it to buy something you might actually need, like a burrito.
But, in the case of how the economy will respond to the tariffs proposed by the Trump administration, it could be a very good asset to have on hand, especially if you're worried about your purchasing power getting eroded. Here's why.
Before getting into how Bitcoin could be a useful investment in the context of new tariffs in the U.S., it's necessary to learn a little bit about how tariffs tend to affect the economy.
