How Will a 70% Tariff Affect Crypto Adoption?
Rumors of a 70% tariff coming from the U.S. government have caused quite a stir in global markets. The uncertainty surrounding the economy might just force businesses to look at other options. Although this would initially lead to price drops in the crypto market as people flee from risky assets, over time, cryptocurrencies like Bitcoin and stablecoins might be seen as safe havens from inflation, drawing in those who want stability in these tumultuous times.
If tariffs are imposed, what happens? Trade volumes would drop, and the cost of doing business would rise. Such an economic slowdown could urge companies to turn to crypto to avoid the risks tied to fiat currencies. If companies want to keep their cash flowing and remain efficient,…
