As global trade tensions escalate again, concerns are growing about the long-term stability of the financial system. Consequently, investors are turning to alternative assets like Bitcoin (BTC) and Real-World Assets (RWAs) that are less affected by national currency value declines.
On the 9th, the president announced a 90-day suspension of retaliatory tariffs for most countries and a return to the existing 10% level. However, on the same day, he raised tariffs on Chinese products from 104% to 125%, further increasing market uncertainty. According to the Financial Times, this measure is interpreted as a trigger revealing serious cracks in the global monetary system beyond a simple trade dispute.
Teddy Ponprinya, co-founder of Layer 1 blockchain Plume, analyzed that "both the US and China are burdened with unsustainable national debt, which will likely lead to a stronger tendency to rely on inflationary measures to induce domestic currency weakness." He predicted that in such an environment, tokenized credit products and private income-generating assets that are not subject to sovereign currency devaluation will become more attractive.
Amid this trend, a preference for safe-haven assets is also becoming clear. As of the 10th, the trading volume of tokenized gold reached $1 billion (approximately 1.46 trillion won), the highest since the US banking crisis in 2023. This demonstrates that investors are increasingly trying to avoid the risks of the fiat currency system.
Meanwhile, the on-chain real-world asset tokenization market exceeded a total market capitalization of $20 billion (approximately 29.2 trillion won) for the first time on the 9th. Of this, $12.7 billion (approximately 18.54 trillion won) was concentrated in the tokenized private credit sector. This shows that demand is rapidly increasing for credit-based income products beyond tangible assets like gold.
Some industry experts believe that if Bitcoin's momentum stagnates, the real-world asset tokenization market could exceed $50 billion (approximately 73 trillion won) by 2025. They expect that liquidity acquisition and institutional capital inflows will further accelerate this market expansion. For reference, the global asset market size is estimated at $450 trillion (approximately 657 quadrillion won).
However, there are views that not all tariff adjustments signify a long-term policy shift. Bitfinex noted in an investor note that "the current US government's tariff threats are closer to a strategic negotiation tool, with the intention of lowering import barriers for US products in other countries through short-term pressure."
The founder of Global Macro Investor, Raoul Pal, also pointed out that "these tariff adjustment negotiations are likely a preliminary work for the US to engage in substantive trade with China." He mentioned that the recovery speed of global risk assets, including cryptocurrencies, could vary depending on the progress of such negotiations.
Blockchain analysis platform Nansen predicted a 70% probability that the cryptocurrency market will form a bottom until June 2025 under the Trump administration's tariff negotiations and their aftermath. They suggest a potential recovery phase could follow.
Real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>
