The tariffs have been in place for less than 24 hours... ⌛ ️ ⌛ ️ ⌛ ️ Recently, the Trump family has been making frequent moves to expand into the cryptocurrency industry. What are the challenges and opportunities for the cryptocurrency industry under the "Made by Trump" policy? one ⃣ Bitcoin mining cost+17% Tariffs directly drive up mining machine prices: If the United States imposes a 20% tariff on Chinese electronic products, mining machine costs are expected to increase by 17%. The ROI of new mining sites is impacted, and the de Sinicization of the supply chain exacerbates delivery delays, leading to an acceleration of industry concentration towards large mining enterprises. two ⃣ Off chain blockade+on chain opening In addition, the data decoupling of the "14117 Executive Order" on April 8th came into effect. On the one hand, the US government restricts global capital flows through tariffs, regulations, and other means, while on the other hand, it promotes the expansion of the US dollar stablecoin, allowing the US dollar to find new circulation channels in the cryptocurrency market. three ⃣ Stablecoins=Shadow Dollar Market, secretly expanding liquidity and weakening the effectiveness of the Federal Reserve's monetary policy The issuance of USDT/USDC is supported by US Treasury bonds, but liquidity is not directly controlled by the Federal Reserve. Even if the Federal Reserve tightens, the stablecoin market can still "indirectly release water", and the cryptocurrency industry has become a new pool of US dollar liquidity. DeFi and CEX form an internal cycle of stablecoins, weakening the Federal Reserve's ability to regulate interest rates. TrumpTariffs Bitcoin cryptocurrency Read more: https://reurl.cc/EVRZ71