Trump Tariffs Impact on Crypto May Boost Digital Asset Adoption, Says Binance CEO Richard Teng
The effect of Trump tariffs on cryptocurrency markets is beginning to take form; Binance CEO Richard Teng believes the policy change could unintentional drive more interest in digital assets. Teng, who posted on X (previously Twitter) on April 8, referred to the economic uncertainties caused by U.S. President Donald Trump’s contentious trade policies as a “macro stressor” that would drive more people towards Bitcoin and other non-sovereign sources of wealth.
Teng underlined the long-term promise even if Trump’s new 10% worldwide tariff baseline has caused a “risk-off” response in both conventional and crypto markets. He observed that “many long-term holders” still see Bitcoin and other digital assets as resilient under changing political circumstances and economic duress.
Read More: Bitcoin Price Resistance Near $81K as CZ Joins Pakistan’s Crypto Push
Now sitting around $77,000, Bitcoin fell more than $10,000 over the weekend following the tariff announcement. The volatility shows more general market uneasiness; stocks and commodities are also responding strongly.
During a press conference on Air Force One, Trump defended the tariff action, claiming it was “medicine” required to fix years of bad trade agreements. Yet, the reaction has been significant; recent Pew Research figures reveal that many Americans oppose the action.
Teng’s comments highlight a larger story: that trade protectionism can improve the attraction of cryptocurrency. Decentralised assets like Bitcoin provide a strong hedge when geopolitical tensions grow and currency systems struggle. The crypto community might view rocky macro conditions as proving grounds for the resiliency and usefulness of blockchain-based finance rather than as setbacks.
