Odaily Planet Daily reported that trader Eugene wrote in an article that the introduction of global trade tariffs marks an unprecedented shift in the global order in nearly 50 years, from free trade to protectionism, and will pose long-term pressure on global risk assets. He believes that the possibility of Trump completely withdrawing the tariff plan is extremely low.
Eugene pointed out that the most concerning issue in the field of encryption at present is the structural decline in the number of developers. Compared to the previous cycle, not only is there a lack of significant progress, but the future prospects are also more bleak. Previously, the market had hoped for ETFs and regulatory expectations, but the reality did not meet those expectations. He stated that in the coming weeks to months, there will be a reduction in operations in the cryptocurrency market, and exploring new areas at this stage may be more meaningful.
However, Eugene still considers the long-term value and global acceptance of Bitcoin, and believes that "BTC rising to $1 million by 2035 is not a fantasy".
