Dragonfly partner Haseeb: Bitcoin has both gold and Nasdaq attributes

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PANews
04-06
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PANews reported on April 6 that Dragonfly managing partner Haseeb Qureshi analyzed the current cryptocurrency market trend. He stated that Bitcoin's price remains stable, possibly because it possesses attributes of both gold and Nasdaq, surviving in the "gap" between gold's rise and tech stocks' decline. MicroStrategy's continuous buying is also providing support.

Haseeb noted that the market currently expects interest rate cuts and quantitative easing to restart, and as the most risky assets, Altcoins are therefore the first to benefit. Additionally, unlike stocks and bonds, Altcoins are not directly affected by tariffs. He also believes that last Friday, retail investors were buying the dips in the stock market, while institutional funds were flowing out; since Altcoins are primarily driven by retail investors, the funding situation remained relatively unchanged, and prices therefore remained resilient.

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