Bitcoin's 'digital gold' narrative crumbles again as $100,000 odds wilt after Trump's tariff threat

Bitcoin is experiencing renewed challenges to its 'digital gold' narrative as recent tariff threats from former President Trump dampen investor sentiment. As a result, the chances of Bitcoin reaching $100,000 are diminishing. Market reactions indicate price declines, with rising concerns about liquidity and volatility impacting the cryptocurrency landscape. Investors, particularly institutional ones who have previously supported Bitcoin, appear to be shifting towards risk-averse strategies. Furthermore, global economic uncertainties are contributing to downward pressure, leading to a cautious stance among traders. In this context, Bitcoin faces a challenging environment in the short term.