Bitcoin's 'Digital Gold' Narrative Tested as $100,000 Target Odds Decline Following Tariff Tensions

2026-01-19 14:40:18

Source: CryptoNewsNet Original Title: Bitcoin’s ‘digital gold’ narrative crumbles again as $100,000 odds wilt after Trump’s tariff threat Original Link: The narrative of bitcoin as a gold-like safe haven faced another setback on Monday. The price declined sharply as traders significantly reduced their expectations for a rally to $100,000 by the end of January, following geopolitical tensions and tariff threats.

The tariff announcements sparked immediate market reactions, with traders reassessing risk assets. On decentralized prediction markets, the probability of BTC reaching $100,000 fell sharply to 27% from nearly 50% on Friday and 72% on January 15.

This price movement underscores how macroeconomic policy announcements and geopolitical developments continue to influence cryptocurrency markets, despite the long-standing narrative of bitcoin as a non-correlated, inflation-hedging asset. The recent decline highlights the complex interplay between traditional financial markets, policy decisions, and crypto asset valuations.

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