Tariff Nuclear Option, 104% Tariffs Imposed, a Businessman, 37 Years in the Making

April 9th. The 104% tariff imposed by the United States will officially come into effect at 12:01 a.m. Eastern Time on April 9th. As soon as the news spread, the Bitcoin market once again went through a wild ride! According to BiyaPay's market data, the Bitcoin price dropped to a low of $74,508, losing nearly 10% of its market capitalization within just 24 hours. Trump is truly persistent. 37 years ago, he purchased an entire page of The New York Times to outline his views on tariffs, diplomacy, and other matters. 37 years later, he is putting into practice what he used to advocate. This move not only poses a threat to the global supply chain but also brings new uncertainties to the cryptocurrency market. The increase in tariffs may lead to inflation or put pressure on the Federal Reserve to tighten its monetary policy, which is bearish for the crypto market. If retaliatory measures are taken in key metal refining sectors such as lithium and copper, it will directly increase the cost of mining hardware and affect the mining economic model. Coupled with the potential catalyst of the tariff war strengthening the US dollar, it may further amplify the volatility of safe-haven assets such as BTC and other decentralized assets. Facing a market environment with intense volatility, investors' demand for secure and efficient asset allocation tools has increased significantly. In this context, BiyaPay, as the world's first multi-asset trading wallet, shows its unique value. It has now enabled instant fiat-to-crypto exchange, participation in the US/Hong Kong stock markets with USDT, zero fees for spot/contract Maker transactions, a compliant B2C fiat withdrawal channel, secure card unfreezing for withdrawals, effectively avoiding the fund freezing risk in traditional OTC/C2C transactions and providing practical solutions for crypto investors to deal with policy uncertainties.