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Analysts Discuss Trump Tariff Fallout for Crypto, Remain Divided Over Future Direction
- Market sentiment remains fearful after Trump’s tariff announcements, with analysts split on whether the bottom is in or more pain is ahead.
- Raoul Pal of RealVision remains bullish despite the chaos, suggesting investors prepare cash to “buy the dip” as he believes the bull market is far from over.
- Asian and Australian markets opened deep in the red on Monday, with Taiwan’s index dropping nearly 10%, the Nikkei falling 7.35%, and ASX 200 losing 4%.
- Bitcoin and Ethereum ETFs continue to see outflows, with Ether funds experiencing three consecutive days of net outflows totalling US$58.5 million and Bitcoin funds losing US$164.7 million on Thursday and Friday.
Following the market crash post Trump’s tariff announcements, some analysts think things could get a lot worse. But many agree it all depends on how countries react to Trump and what Trump is doing in return.
Related: Bitcoin Address Poisoning Scam Surges, Lopp Reveals Blockchain’s Vulnerabilities
So, is it time to buy the dip? According to the founder of Tolou Capital Management, Spencer Hakimian, not yet. He believes it’s time to go all in if Trump “walks back all the new tariffs”, or the NASDAQ goes down 40%.
Pal Recommends Traders Look for Spare Cash
And for founder and CEO of RealVision, Raoul Pal, the bull market is far from over. Pal said he loves the current atmosphere of fear and chaos, and suggests it could [soon] be a buying opportunity.
I hope you are ready to look for spare cash under the sofa to add very very soon. In a bull market such opportunities are a gift.
Raoul Pal Meanwhile, Asia and Australia have had a rough start to the trading day with markets in deep red. The Nikkei is down 7.35%, the ASX 200 lost 4% and Taiwan’s stock market index dropped almost 10% in early trading on Monday.
Trump on the other hand told reporters that he isn’t ready to negotiate with the EU unless they “pay us a lot of money on a yearly basis, number one for present but also for past” – creating more fear in the market.
Crypto Down, ETFs Lose More Money
While the crypto markets are clearly suffering, with Bitcoin and others on a downward trajectory, the US spot Bitcoin and Ethereum exchange-traded funds (ETFs) also continue to bleed funds.
Ether ETFs saw three consecutive red days, with a combined US$58.5 million (AU$97.1 million) in net outflows for the first three days of April, followed by US$2.1 million (AU$3.5 million) in inflows on Friday.
Related: Meta Ignites AI Leadership with Llama 4 Launch, US Back on Top, Says AI Czar Sacks
Bitcoin funds saw US$218.1 million (AU$361.8 million) in net inflows on April 2, followed by combined outflows of US$164.7 million (AU$273.2 million) Thursday and Friday.
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Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
