Cardano (ADA) Founder Charles Hoskinson and Tether CEO Paolo Ardoino Talk About Falling Market and Tariffs

Bitcoin rebounded slightly today despite escalating global trade tensions, as industry leaders suggested that renewed U.S. tariffs under President Donald Trump could reignite interest in cryptocurrencies.

Bitcoin rebounded on Wednesday despite escalating global trade tensions, as industry leaders suggested that renewed U.S. tariffs under President Donald Trump could reignite interest in cryptocurrencies.

The crypto market has struggled in 2025, losing much of the momentum it gained following Trumps election victory. Prices fell further last week after the U.S. reimposed tariffs on many of its trading partners.

However, key figures in the crypto industry believe that geopolitical instability and trade restrictions could eventually drive the adoption of blockchain-based alternatives.

“This is a prime example of why we need blockchain cryptocurrencies,” Charles Hoskinson, co-founder of the Cardano and Ethereum blockchains, said during a conference in Paris. “It shouldnt be the case that a handful of people are fundamentally changing or destroying the global economy.”

Hoskinson, who actively advises U.S. lawmakers on digital asset regulation, pointed to the growing political interest in blockchain solutions, particularly Trump‘s recent mention of Cardano’s ADA token as a possible component of a future U.S. crypto strategic reserve.

Paolo Ardoino, CEO of Tether, the company behind the world's largest stablecoin, also told the Financial Times that the tariffs could push more countries toward cryptocurrencies.

“Customs duties will make it harder for many countries to cope with rising import costs,” Ardoino said. “We see that the countries with the highest adoption of stablecoins like Tether are economies facing devaluation and inflation.”

*This is not investment advice.