Trump's IEEPA tariff order may drive Bitcoin growth

Recently, U.S. President Trump invoked the International Emergency Economic Powers Act (IEEPA) to impose comprehensive tariffs on Mexico, Canada and China, sparking concerns about the dominance of the dollar in the market. This move not only affects global trade patterns but may also prompt more investors to turn to Bitcoin as a hedge tool.

James Butterfill, Head of Research at CoinShares, pointed out that unconventional use of IEEPA could accelerate global de-dollarization and drive capital towards decentralized assets like Bitcoin to hedge against economic instability. Cryptocurrency derivatives trader Gordon Grant also believes that frequent use of IEEPA could weaken dollar credit and make digital assets such as Bitcoin more attractive.