Dragonfly Partner: Bitcoin has both gold and Nasdaq attributes

report: Dragonfly managing partner Haseeb Qureshi analyzed the current crypto market trend. He stated that Bitcoin's price remains stable, possibly due to its dual attributes of 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 restart, and as the most risky assets, Altcoins will therefore benefit first. Additionally, unlike stocks and bonds, Altcoins are not directly affected by tariffs. He also believes that retail investors were buying the dips in the stock market last Friday, while institutional funds were flowing out; since Altcoins are dominated by retail investors, the capital side did not show significant fluctuations, and prices therefore remained strong.