Tariffs seem to protect the economy, but it will only bring benefits to a small part of the economy, and the rest will suffer. In other words, as a result of this approach, the US dollar will be bearish, which may serve as a trigger for more agencies to turn their eyes on the cipher currency and trade it in the cipher currency. Rather than deal with the gradually weakening US dollar, people can turn to using encryption technology in transactions and storing their wealth in a block chain. Cryptography can also be used to overcome trade restrictions currently in use. This has the advantage of avoiding significant fees and penalties. Many people will benefit from this approach if the use of cryptography is customary. This means that this trade war can be a catalyst for adoption as a formal means of exchange in the world of cryptography.
On the other hand, there is no guarantee in the financial market. The global financial market is flooded with liquidity. Numerous companies have free funds to invest in more risky investments such as cryptography as well as stocks. However, if this trade war leads to the formation of a bear market and the loss of a lot of investment, investment in the cryptography will be depleted, leading to a weak market together with the rest of the economy. China, meanwhile, has made a message of avoiding a trade war with the United States and hoping for a mutually beneficial relationship till the announcement of the US trade sanctions, but expresses a strong grievance and expresses willingness to retaliate immediately after the announcement. Already, the Commerce Department announced on March 23 that it plans to impose retaliatory tariffs on American steel and pork from US $ 3 billion ($ 3.24 trillion). If the European Union is to enter into a trade war, then the world economy can be sucked into the tornado of the storm.
It will be very important for future investment to see whether the cryptographic market will be resilient or interlocked and collapse while the US and China are fighting and fighting each other in a trade war. But the trade war at one point, the right one, is sure to be very encouraging for cryptographic investors in that they will be able to give another opportunity in terms of the cryptographic market.