According to Bitwise analyst Jeff Park, U.S. President Trump's trade policy will trigger global macroeconomic turmoil and short-term financial crisis, ultimately driving the larger adoption of Bitcoin as a store of value asset. Park believes that the economic instability brought about by the trade war will prompt governments to adopt inflationary fiscal and monetary policies, which will further devalue fiat currencies and lead to global risk aversion to alternative store of value assets such as Bitcoin. Analysts concluded that this increase in demand for Bitcoin will drive its price to rise sharply over the long term. Park previously predicted the immediate impact of the trade war in a tweet posted on February 2: “Tariff costs are likely to be shared by the United States and its trading partners through higher inflation, but the impact on foreign countries will be relatively heavier. These countries will then have to find ways to deal with their weak growth.” While the increased demand for Bitcoin as a store of value asset against fast-depreciation fiat currencies will push up BTC prices in the long term, Park said global financial markets will feel the short-term pain and wealth damage from the trade war.