[gautamcgoel]

I'm confused: why would you short BTC if you knew in advance that additional tariffs would be announced? Wouldn't you expect that to increase the dollar value of BTC due to depreciation of the dollar?

[energy123]

It helps to not be too academic about it and just check what happened to BTC the last few tariff announcements.

[rhyperior]

If only BTC were a decorrelated, alternative investment.

[rcxdude]

This. It has not, in practice, turned out to be the hedge that people assumed that it was.

[pfannkuchen]

How do tariffs depreciate the dollar? Do you just mean in the “prices go up” sense? I’m not trying to nitpick, just wondering if there is some mechanism I don’t know about that actually devalues the dollar in a fundamental way. Like if there is a chicken flu and the price of eggs skyrockets, I wouldn’t say that depreciates the dollar, for example, in strict terms, prices have just risen.

[immibis]

Prices going up is dollar devaluation. One doesn't cause the other - they're already two different words for the same thing.

If potato prices rise but soybean prices fall, then you can say potatoes got more expensive, soybeans got cheaper, and the dollar is worth the same. But if prices go up all across the economy in general, that is dollar devaluation.

[Finnucane]

Why would you expect anything with BTC?

[henry2023]

Hating on Bitcoin was cool in 2015. It’s proven to be a reliable store of value asset, to the point that central banks are considering reserves on it.

Bitcoin maybe as useless as gold, but that doesn’t make it more or less valuable.