Cryptocurrency, specifically Bitcoin, being hailed as a safe-haven asset by NYDIG after Trump's 'Liberation Day' declaration.
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In the latest scoop by NYDIG, Bitcoin (BTC) is starting to compete for the crown of safe-haven asset in a crumbling market due to Trump's tariff havoc. Greg Cipolaro, the Manhattan whiz kid overseeing NYDIG's research department, highlights clues hinting at some distancing of BTC and risky assets, such as equities, US Treasuries, and the mighty dollar.
Here's what's got the crypto community buzzing:
Curious about what all the buzz is about? It seems the market has taken a liking to BTC as uncertainty surrounds Trump's policies and the U.S. Dollar loses some shine. But with the dust yet to settle, the Bitcoin bubble could easily burst.
So buckle up and keep an eye on Trump's next move, trying to keep up with the unpredictable world of politics! Catch us on Telegram, Facebook, and our website for more groundbreaking cryptocurrency news.
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Note: This information is meant for entertainment purposes only. The Daily Hodl is NOT an investment advisor, and none of its content is meant to provide financial advice. Always do your own research before making any financial decisions.
- Altcoins and other cryptocurrencies, such as Ethereum, are following the trend set by Bitcoin (BTC) as it decouples from traditional risk assets, according to stories circulating in the crypto community.
- With uncertainties surrounding Trump's policies and the US Dollar losing some shine, more investors are adding cryptocurrencies like Bitcoin to their portfolios, hinting at a possible shift in the world of finance.
- While the decoupling from traditional risk assets is still fragile, cryptocurrency stories suggest that Bitcoin could be on its way to becoming a safe-haven asset, decoupling from finance norms.
- The crypto community is buzzing about the potential of Bitcoin to pull away from risky assets, including equities and US Treasuries, thanks to its growing popularity as a safe haven.
- As Bitcoin competes for the title of safe-haven asset, the latest news stories in the cryptocurrency space indicate that blockchain technology and its associated assets could decouple from the traditional finance world.
