According to ChainCatcher, Saxo Bank strategist John Hardy said that if Trump's tariff policy prompts countries to look for alternatives to the US dollar, the crypto market and gold may benefit.
Tariffs could cut off the supply of dollars, or BRICS countries could use gold-backed digital currencies for transactions.
Crypto stablecoins pegged to gold may be used, and the crypto market may quadruple to over $10 trillion. The dollar may depreciate by 20% against major currencies and 30% against gold.