Draper Team Supports Trump’s Tariffs and Criticizes Xi Jinping: Scenario Rated Positive for Bitcoin!

Jakarta, Pintu News – Leading investor and venture capitalist Tim Draper has expressed his full support for US President Donald Trump’s tariff policy, calling it a strategic move to encourage domestic innovation and rebalance global trade.

Draper also delivered a sharp criticism of Chinese President Xi Jinping as well as the Federal Reserve’s monetary policy. According to him, in the current turbulent global economic conditions, all scenarios will eventually favor Bitcoin (BTC) as an anti-inflationary and innovation-based asset.

Tim Draper’s Support for Trump’s Tariff Policy

In a public statement via social media platform X on April 7, Tim Draper called Trump’s new tariff policy a “powerful reset” to end trade practices that he believes are harming the United States. Draper, who is known as a proponent of innovative technologies and cryptocurrencies, stated that the tariffs are a reasonable response to decades of exploitation of the US economic good.

Trump had previously announced an across-the-board tariff of 10% on almost all imports, as well as higher tariffs on major trading partners such as China and the European Union. According to the US government, this move aims to address long-standing trade imbalances and support domestic industries.

While critics warn that this policy could exacerbate inflation and disrupt global supply chains, supporters, including Draper, believe that it could actually accelerate domestic production and narrow the trade deficit.

Also Read: Bitcoin (BTC) is recovering, but big hurdles still loom in April 2025

Escalation of US-China Trade Tensions

Trade tensions between the United States and China have escalated after Trump threatened to impose an additional 50% tariff on imported goods from China. The move is a response to Beijing’s decision to maintain a 34% retaliatory tariff on US export products. The new US tariffs, which total 104%, will come into effect on April 9.

The Chinese government called the policy “unilateral and bullying,” and said it would “fight to the end” to protect national interests. In this context, Draper commented that weak leadership, such as that of President Xi, tends to let ego get in the way of the nation’s progress. Instead, he hoped that other leaders could take a practical approach and reopen trade channels reciprocally.

Criticism of the Fed and Opportunities for Bitcoin

In addition to discussing trade policy, Draper also criticized the Federal Reserve (Fed). According to him, the US central bank currently fails to see a great opportunity to lower interest rates to welcome new job growth in the US. He believes that focusing too much on the risk of stagflation could actually hinder the development of an innovation-based economy.

In his closing statement, Draper said that all current conditions create positive opportunities for Bitcoin. He called Bitcoin an asset that is resistant to inflation and very suitable in an environment that encourages innovation. With this in mind, Draper Associates, his venture firm, is said to be increasing investments in the US, particularly in sectors that support the use and development of blockchain technology and cryptocurrencies.

Conclusion

Tim Draper’s statement provides an alternative view on the current trade tensions and global economic policies. While many are worried about the negative impact of tariffs and market uncertainty, Draper sees great opportunities for the growth of innovation and the strengthening of digital assets such as Bitcoin.

In a context of economic uncertainty, this attitude shows how some investors choose to see the crisis as a moment for strategic accumulation and expansion in the crypto world.

Also Read: First XRP ETF in the US Launched, Provides New Investment Opportunities!

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Bitcoin.com. Tim Draper Backs Trump Tariffs, Rips Xi: ‘All Scenarios Are Good for Bitcoin’. Accessed April 9, 2025.
• Featured Image: CNBC