“After the Liberation Day of US President Donald Trump, Bitcoin began to demonstrate the properties of a non -conservation means of maintaining value. This was stated by the head of the research department of Nydig Greg Chipolaro. According to him, “digital gold” was felt differently during the last trading week. He noted that the market captures the first signs of bitcoin separation from traditional risky assets. “Changes are still very fragile but attentive cryptocurrency observers are already noticing a new […]”, – WRITE: Businessua.com.ua
After the Liberation Day of US President Donald Trump, Bitcoin began to demonstrate the properties of a non -conservation means of maintaining value. This was stated by the head NYDIG GRAGRO GRAGRO Research Department.
According to him, “digital gold” was felt differently during the last trading week. He noted that the market captures the first signs of bitcoin separation from traditional risky assets.
“Changes are still very fragile, but attentive cryptocurrency observers already notice the new behavior of the asset,” Chipolaro stressed.
Trump’s trade policy and instability in the markets forced investors to doubt the safety of the dollar and US state bonds.
“It is not surprising that investors are looking for alternatives that are not subject to global manipulations – the so -called protective assets,” he explained.
Previously, such assets were gold and a Swiss franc, now this list is joined by bitcoin.
Source: Nydig.
From the moment of political changes after the November elections in the United States, investors avoid assets dependent on the US economy and pay attention to bitcoin as a liquid global alternative.
“The widespread recognition of BTC as a storage asset is still being formed, but this process has already been launched,” Chipolaro summed up.
Source: Nydig.
Earlier, QCP Capital also noted the strengthening of the role of bitcoin as a protective tool in the conditions of increasing economic risks.
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