Bitcoin holders face a changeable pressure following the announcement of the trade tariff of President Donald Trump’s President Donald Trump, who sent shockwaves through the global financial market, including cryptocurrencies.
However, with Bitcoin (Btc) Hodlers now under pressure, some community members, including Bitmex co-founder Arthur Hayes, are not missing an opportunity to buy BTC in a discount.
“It has been a distraction to BTC all day, and will continue,” Hayes wrote on X on April 7 as the price of Bitcoin turned around $ 75,000.
Source: Arthur hayes
He also foretold that Bitcoin’s dominance in the broader crypto market could have grown. He expects the current 60.5% part of the market to go to 70%.
Entrepreneurs are “no power to Trump’s next guess”
While Hayes was stacked on the SATs during the Tariff-Fueled Market Bloodbat, his firm Firm Maelstrom, was reported to be selling BTC in December 2024, when Bitcoin exchanged near this whole time of nearly $ 100,000.
In a blog post titled “Trump Truth,” Hayes foretold a massive crypto crash After Trump’s inauguration in January, the assessment of an argument over the market is a conflict with his crypto policies and the facts of policy implementation.
Related: Michael Saylor’s approach stops buying bitcoin despite sinking below $ 87k
“The Gospel of Bitcoin evangelists who will never sell and buy every sink tests the nerves of the hodlers,” Petr Kozyakov, co-founder and CEO on the payment infrastructure platform Mercuryo, told cointelegraph.
Bitcoin price in the past year. Source: Coingecko
“The retail businessmen and the Citadels of High Finance appear to be powerless in Trump’s next guess,” he said.
He added that many merchants are waiting for the edges, weighing if the market is oversold. Despite the short -term uncertainty, Kozyakov remains bullish in Bitcoin’s long -term perspective as “the new digital gold.”
“Entrepreneurs are cautiously awaiting the edges for opportunities to re -enter the market and weigh if there may be evidence of excessive sale.”
Kozyakov is far from being united in seeing a promise to future for Bitcoin as “new digital gold.” Ark invest founder Cathie Wood is also Bullish in bitcoin compared to goldwhich claimed in February that the “changing” of gold for bitcoin had happened.
Bitcoin will fail without a case of payment use, says Jack Dorsey
Despite the bullish sentiment of Hayes and Wood, others in the crypto community have warned that Bitcoin needs more than a narrative to remain relevant.
Jack Dorsey, Former CEO of Twitter and Serial Crypto Entrepreneurhas been skeptical about whether the BTC can succeed as a Pure store of value.
“If it (Bitcoin) just ends up being a store of value and nothing more, I don’t think it’s getting a relationship,” Dorsey Says In a “Presidio Bitcoin” podcast episode on April 2.
Jack Dorsey in a “Presidio Bitcoin” Podcast Episode on April 2. Source: YouTube
To stay relevant, Bitcoin had to maintain the case of using its payment, he said:
“Otherwise, this is something you buy and forget and only use in emergency situations or if you want to get a liquid again. So I don’t think it’s a transfer to payments and find out that the day -to -day use of the case, it just gets unrelated. And that’s a failure to me.”
Despite its volatility that is mainly seen as a major obstacle in the case of its payment use, Bitcoin has continued to become a major Payment Payment Payment like BitPay In 2024. Some jurisdictions use bitcoin as a Global Trade payment tool as well.
