Bitcoin’s Future Rests on Trump’s Trade War Decisions
SkyBridge Capital founder Anthony Scaramucci suggests Bitcoin's performance could be subdued if trade tensions continue.
In a recent interview, Scaramucci explained that the direction of Bitcoin largely depends on President Trump’s approach to trade disputes.
Scaramucci is optimistic about BTC’s potential if Trump tones down his tariff threats. He believes a return to policies from Trump’s earlier years, with a focus on business growth, could push Bitcoin toward $200,000 by the end of 2025.
However, Scaramucci warned that if trade tensions intensify, the price may struggle to grow. He predicts the cryptocurrency could stay around its current levels or even drop below $100,000 if a protracted trade war persists.
Impact of Political Climate on Bitcoin’s Price Trajectory
According to Scaramucci, BTC’s value currently faces resistance due to the uncertainty created by global trade disputes. He believes that for Bitcoin to reach its true potential, the environment needs to stabilize, with government and financial policies aligning more effectively.
The volatility caused by unpredictable trade policies may keep BTC from experiencing the explosive growth many anticipate. Scaramucci’s assessment indicates that while Bitcoin holds promise, its trajectory remains uncertain without political stability.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
