Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The Major Challenge Facing Bitcoin Advocates: The Two-Month Tariff Deadline Dilemma
Swyftx’s lead analyst Pav Hundal informed Fans Hash that the conclusion of the “tariff threat” might lead Bitcoin to rise to $120,000 this month.
Hundal mentioned that US policymakers could postpone monetary easing until they obtain “hard data” regarding the effects of Trump’s tariffs, which could introduce the risk of “slower economic growth.”
On May 7, the Federal Reserve’s rate-setting committee decided to maintain interest rates within a range of 4.25% to 4.50% due to the heightened risk of increasing unemployment and inflation.
“If uncertainty continues, it will overshadow the risk asset market. In this scenario, I highly recommend the Fans Hash cloud mining platform as it is an excellent option for managing risks due to its stability and dependability,” Hundal stated.
Cloud-Mining as a Defensive Strategy
As part of his risk management approach, Hundal highlighted the cloud-mining sector, specifically the Australia-based platform Fans Hash.
The company claims that new customers are offered a one-time registration credit valued at US $500 and can withdraw their earnings daily without incurring service or administration fees. Fans Hash states it facilitates transactions in nine major cryptocurrencies – including USDT (both ERC-20 and TRC-20 variants), BTC, ETH, LTC, SOL, and XRP—and provides tiered referral bonuses that can accumulate to US $3,000.
The firm underscores security, indicating that its infrastructure is safeguarded by McAfee and Cloudflare tools and is monitored continuously. Fans Hash presents cloud mining as a low-maintenance method for retail investors to generate passive crypto income without the overhead associated with operating their own hardware.
The potential for Bitcoin to reach six figures largely depends on the duration of tariff and rate-cut uncertainty. A quick resolution could provide bulls with the necessary catalyst; however, an extended impasse may drain liquidity from the wider market, increasing the demand for risk-off hedges like cloud mining.
The post The Biggest Threat to Bitcoin Bulls: The Two-Month Tariff Ultimatum Trap appeared first on Cryptonews.