In recent weeks, talks of a Bitcoin crash have echoed through financial markets, with prices dipping sharply from their January 2025 peak of almost $110,000 to below $75,000 by early April. This volatility, however, hasn’t dimmed the fervor for cryptocurrency among Washington’s elite, notably President Donald Trump and his ally Elon Musk. Their vocal support underscores crypto’s growing political clout, but it’s the interplay with Trump’s aggressive tariff policies that raises profound questions about international stability, both geopolitically and geoeconomically.

Bitcoin’s allure in Washington stems from its promise of financial sovereignty and its defiance of traditional monetary systems. Trump, styling himself the “crypto president,” has championed policies like a national Bitcoin stockpile and deregulation to cement America’s dominance in the digital asset space. His inauguration coincided with Bitcoin’s record high, fueled by optimism over his pro-crypto stance. Musk, a key advisor and head of the Department of Government Efficiency (DOGE), has long been a kind of crypto currency evangelist, once boosting Dogecoin’s value with a tweet and now advocating for blockchain’s role in economic innovation. Their enthusiasm signals a shift: cryptocurrency is no longer a fringe asset but a strategic tool in America’s economic arsenal.

Yet, this crypto euphoria is colliding head-on with Trump’s tariff blitz. Since April 2025, his administration has slapped sweeping duties—10% to 125% (long story short)—on imports from China, Canada, Mexico, and beyond (albeit with pauses), thus triggering global market turmoil. Bitcoin, often pitched as “digital gold” immune to economic shocks, hasn’t been spared. Prices slid 10% post-tariff announcements, mirroring tech stock sell-offs as investors fled risky assets. Dogecoin, the original meme coin,........

© Blitz