According to Taras Kulyk, CEO of Synteq Digital, U.S. tariffs on imported ASICs may slow Bitcoin mining expansion in America, potentially eroding its 40% global hashrate dominance as other countries like Pakistan and Ethiopia enter the market. Jeff LaBerge, head at Bitdeer, stated that miners are adapting by tapping into secondary markets and focusing on efficiency improvements, with older rigs needing upgrades to stay profitable. Lauren Lin from Luxor Technology highlighted ongoing uncertainty in tariff policies, which are increasing costs for electrical hardware like transformers, affecting mining operations. Kulyk added that competition from AI data centers could lead to miner consolidation or diversification, impacting BTC supply dynamics.

According to Miles Deutscher, the supply dynamics of gold and Bitcoin are moving in opposite directions, with gold production increasing to meet demand, while Bitcoin's production is decreasing despite rising demand. This divergence could impact trading strategies, as Bitcoin's limited supply may drive its price higher, making it a potentially lucrative investment compared to gold, which has a more elastic supply response.