Macro guru and fund manager Dan Tapiero believes Bitcoin is preparing for an explosive breakout against the S&P 500. In a new post on X, he writes that Bitcoin could potentially benefit from the trade war that Donald Trump is igniting.
Bitcoin in an Excellent Starting Position
In his article, Tapiero highlights the significant opportunity currently available for Bitcoin.
Stock market fear indicators are at an all-time high, while the S&P 500 and the Nasdaq 100 are rapidly losing market value. This is, of course, related to growing concerns that the stock market’s profit potential is suffering from the economic situation created by Trump.
Bitcoin, on the other hand, is an asset that produces nothing and generates no profits – and is, in theory, less affected by such circumstances. This could encourage investors to switch to Bitcoin in such moments.
On the other hand, it should not be forgotten that Bitcoin has not yet proven itself as a safe haven in economically difficult times. Gold, on the other hand, already has this status and has also performed comparatively well so far in 2025.
Can Bitcoin decouple from traditional finance?
Tapiero suggests that Bitcoin’s development could signal a decoupling of the digital currency from the traditional financial world – a world reeling from Trump’s trade war.
“The import tariffs represent a battle in the old analog world. An attempt to solve old problems: government budget deficits, manipulation of foreign currency exchange rates, weak economic growth, geopolitical tensions, and so on. So much manipulation and interference. Can this be solved? Bitcoin stands outside of this world and is free from these chains,” Tapiero says.
He concludes by noting that Trump’s massive rain of import tariffs could slow economic growth and lead to enormous uncertainty in the markets. In this case, gold and Bitcoin could act as a protective mechanism against growing recessionary pressures.
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