According to online reports, according to Bitwise analyst Jeff Park, US President Trump's trade policies will trigger global macroeconomic turmoil and short-term financial crises, ultimately promoting the larger adoption of Bitcoin as a store of value. Park believes that economic instability caused 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-averse behavior seeking alternative stores of value such as Bitcoin. Analysts have concluded that this increased demand for Bitcoin will drive its price sharply higher in the long term. Park previously predicted the immediate impact of the trade war in a tweet posted on February 2:"The cost of tariffs will likely 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." Although increased demand for Bitcoin as a store of value against rapidly devaluing 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 a trade war.