Trump's insistence on imposing tariffs on countries that do not align with his strategy —and the recent focus on Greenland— reopens a scenario that markets already know well: a trade war based on pressure and retaliation. When the U.S. imposes tariffs, the affected countries usually respond in kind, increasing the prices of key products and directly affecting global supply chains.

In this game enter powers like Germany and France, which not only politically support Denmark but are also strategic suppliers to the U.S.. Germany exports industrial machinery, automobiles, technological components, chemicals, and medical equipment. France, for its part, is key in sectors such as aerospace, luxury, pharmaceuticals, agribusiness, and energy technology. When these products receive tariffs, the impact is not only borne by Europe: it is also paid by the U.S. consumer and industry, with higher costs and lower competitiveness.

This type of tension usually generates three clear effects in the markets: increased uncertainty, pressure on traditional stock exchanges, and a search for alternative assets. In that context, Bitcoin and cryptocurrencies often gain prominence, not as a perfect refuge, but as decentralized assets that do not depend on political decisions or trade borders.