3. Medium- to long-term outlook: Opportunities amid uncertainty

Looking further, Trump’s tariff policy could bring unexpected benefits to the crypto market:
Increased safe-haven status: As gold hits new highs and the USD fluctuates, Bitcoin and major altcoins could be seen as alternative assets in an uncertain economic environment. Experts like Grayscale’s Zach Pandl predict tariffs will reduce US economic growth by 2%, giving BTC an opportunity to compete with the USD as a global store of value.

Boosting institutional adoption: Despite the short-term difficulties, positive signs like Circle’s IPO (issued USDC) and the SEC’s openness under pressure from Trump suggest that crypto is gaining wider acceptance. If stablecoin legislation is passed in 2025, institutional capital could make a strong comeback.

Altcoin reaction: Reserve coins (XRP, SOL, ADA) could benefit from the US government’s attention, although they are currently under downward pressure.