NYDIG: Bitcoin has risen more than 10% since Trump’s so-called “Liberation Day”, initially showing its non-sovereign value storage properties

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PANews
04-28
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PANews reported on April 28 that according to CrowdfundInsider, the latest research report from New York Digital Investment Group (NYDIG) indicates that against the backdrop of increasing economic and geopolitical uncertainty, Bitcoin is initially demonstrating characteristics of a non-sovereign value storage tool. The report mentioned that since Trump's so-called "Liberation Day" on April 2, 2025, the US dollar and long-term US Treasury bonds have performed weakly, while gold, Swiss francs, and Bitcoin have gained market favor. As the US stock market declined, Bitcoin has risen by 10.3% against the trend, showing a decoupling trend from traditional risk assets.

NYDIG emphasized that although this trend is still in its early stages, current data is insufficient to confirm that Bitcoin's role as a safe-haven asset has been widely accepted by the market. However, considering the increased structural volatility in the current market and investors' diminished confidence in traditional safe-haven assets, Bitcoin may become one of the options for investors seeking alternative value storage methods.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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