According to Bitwise analyst Jeff Park, US President Donald Trump's trade policies will trigger global macroeconomic turmoil and a short-term financial crisis, ultimately driving greater adoption of bitcoin as a store of value. Park believes that the 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 a global search for alternative store of value assets 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 most 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." While the increased demand for bitcoin as a store of value asset against rapidly depreciating fiat currencies will drive up the price of BTC in the long term, Park said global financial marekts will feel the short-term pain and wealth destruction from the trade war.