📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Will the US-China Trade Wars Benefit Bitcoin? Analyst Explains!
According to market analysts, Donald Trump's aggressive trade policies towards China could provide significant support for Bitcoin.
With the plans of high customs duties on products imported from China and the increasing economic pressure on the world's second largest economy, Bitcoin is preparing to take advantage of this situation.
The Chinese yuan fell to its lowest level in 16 months at the beginning of this week, under significant pressure. Analysts predict that there will be further devaluation in the coming months, creating a perfect storm for Bitcoin's growth.
David Brickell, the international distribution chief at FRNT Financial, draws parallels with the devaluation of the yuan in 2015, when Bitcoin prices tripled. Brickell said, "The depreciation of the yuan will accelerate capital outflows from China," and added, "Bitcoin will be an obvious target for some of these flows, especially as capital controls make it difficult for funds to move out of China through traditional channels."
Other analysts are equally optimistic about the future of Bitcoin during Trump's presidency. Bernstein and Standard Chartered research firms predict that Bitcoin could reach $200,000 by the end of 2025, while 10x Research predicts that the cryptocurrency could rise to $120,000 by Trump's inauguration on January 20th.
Optimism stems from Trump's promises and significant appointments during his election campaign. He made various crypto-friendly promises during his campaign and nominated crypto-friendly figures to influential positions, including appointing Paul Atkins as the chairman of the Securities and Exchange Commission and David Sacks as the chief of artificial intelligence and crypto.
Trump's proposed customs duties are exacerbating China's ongoing economic woes such as sluggish growth and continued decline in the real estate market. In September, Beijing announced a $284 billion stimulus package, the largest since the pandemic, to tackle these challenges.
However, efforts to reassure international investors this week did little to halt the decline of the yuan, as reported by the Financial Times, Chinese regulators are striving to stabilize the currency.