Bitcoin Emerges as a Safe Haven Amid Trump’s Economic Upheaval
The post Bitcoin Emerges as a Safe Haven Amid Trump’s Economic Upheaval appeared on BitcoinEthereumNews.com. The rise to power of Donald Trump has already resulted in many changes. First and foremost, this refers to large-scale import tariffs, which have become an important tool for the U.S. government to exert pressure on other countries. The situation with these tariffs is becoming clearer, as American officials are increasingly discussing the possibility of temporarily lifting them. Amid this chaos, Bitcoin was the first to stand out, with its behavior attracting the attention of analysts. Why You Should Buy Bitcoin The previous week showed that Bitcoin is increasingly becoming a full-fledged means of savings for all comers. And although the separation of cryptocurrency from traditional risk assets is still insignificant and at an early stage, the corresponding trend is already noticeable. The details of what is happening were shared by Greg Cipolaro, global head of research at New York Digital Investment Group, in his note on the market situation. “We’ve been observing subtle shifts in its behavior over the past few weeks,” he added. “The decoupling from traditional risk assets is still very early and fragile, but for those watching crypto markets 24/7, the shift is palpable.” The expert described what is happening as investors’ desire to reduce risks associated with the US. Still, Trump’s policy was a very sharp change compared to the actions of the previous administration, which quite predictably caused panic in the markets. Accordingly, many players now want to hold assets that would not be significantly influenced by the US President and his team. And here Bitcoin is on the radar of many capital holders. The analyst continues: “Bitcoin has acted less like a liquid levered version of levered US equity beta and more like the non-sovereign issued store of value that it is.” According to Cipolaro, Bitcoin has risen in value by 13 percent…
The post Bitcoin Emerges as a Safe Haven Amid Trump’s Economic Upheaval appeared on BitcoinEthereumNews.com.
The rise to power of Donald Trump has already resulted in many changes. First and foremost, this refers to large-scale import tariffs, which have become an important tool for the U.S. government to exert pressure on other countries. The situation with these tariffs is becoming clearer, as American officials are increasingly discussing the possibility of temporarily lifting them. Amid this chaos, Bitcoin was the first to stand out, with its behavior attracting the attention of analysts. Why You Should Buy Bitcoin The previous week showed that Bitcoin is increasingly becoming a full-fledged means of savings for all comers. And although the separation of cryptocurrency from traditional risk assets is still insignificant and at an early stage, the corresponding trend is already noticeable. The details of what is happening were shared by Greg Cipolaro, global head of research at New York Digital Investment Group, in his note on the market situation. “We’ve been observing subtle shifts in its behavior over the past few weeks,” he added. “The decoupling from traditional risk assets is still very early and fragile, but for those watching crypto markets 24/7, the shift is palpable.” The expert described what is happening as investors’ desire to reduce risks associated with the US. Still, Trump’s policy was a very sharp change compared to the actions of the previous administration, which quite predictably caused panic in the markets. Accordingly, many players now want to hold assets that would not be significantly influenced by the US President and his team. And here Bitcoin is on the radar of many capital holders. The analyst continues: “Bitcoin has acted less like a liquid levered version of levered US equity beta and more like the non-sovereign issued store of value that it is.” According to Cipolaro, Bitcoin has risen in value by 13 percent…
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