Billionaire Tim Draper: "Whatever tariff scenario happens, Bitcoin wins"

In the context of escalating US-China trade tensions, venture capitalist Tim Draper stated that all current scenarios are favorable for Bitcoin, despite global risks. “Bitcoin is not affected by inflation and is an innovation-friendly asset,” Draper wrote on social media X on April 7, while affirming that he will invest more capital in America during this period of volatility.

Draper, a strong supporter of technology and cryptocurrency projects, believes that Trump’s tax policy is a “necessary reboot” to end America’s exploitation by other countries. He emphasized: “I have always supported free trade, but this time I completely understand. Other countries have exploited America’s generosity for too long. It is time to respond.” Previously, the Trump administration announced a 10% tariff on most imports and specifically 104% on China, starting from April 9. The move is aimed at forcing Beijing to lift its 34 percent retaliatory tariffs on U.S. goods or face additional tariffs of up to 50 percent. In response, China’s Commerce Ministry called the U.S. action “unilateral and bullying” and vowed to “fight to the end” to protect national interests. In addition to defending Trump, Draper also bluntly criticized President Xi Jinping as a “weak leader who lets his ego overwhelm national interests.” At the same time, he also “knocked on the door” of the Federal Reserve Mỹ (Fed), arguing that the Fed is missing the opportunity to stimulate innovation and create jobs, and should lower interest rates immediately.