It is possible that Bitcoin investors do not feel it exactly, but BTC has been a relatively good commitment since President Trump’s rate plans last week resulted in historical losses in traditional markets. While the shares and other conventional investments have been falling from a cliff since the announcement of the “Liberation Day” of April 2, Bitcoin has remained relatively stable losing “only” 8% of its value.
“I think this is the more bullish reduction I have seen in Bitcoin,” said Zach Pandl, Chief of Research from Grayscale, a leading cryptographic investment manager.
According to historical data, I would expect Bitcoin to have the volatility of Nasdaq three times, Pandl said. And yet, although Nasdaq fell 15% at the beginning of the negotiation of April 8 (compared to April 2), Bitcoin was not about 45%.
In other words, an 8% decrease is positive since historical patterns predicted a much more pronounced fall.
“I think that cryptographic investors should be extremely satisfied with the modest recoil in Bitcoin,” said Pandl, former Goldman Sachs analyst, Coindesk.
“It reflects that tariffs, although they are a short -term risk event for markets, it is probably something that is support for the adoption of long -term bitcoin. I think that relatively moderate extraction reflects that,” he added.
Pandl is optimistic in Bitcoin in an environment where the dollar is potentially losing its place as a global reserve currency.
“The stagflation will be negative for actions and bonds, and, historically, that has been positive for scarce goods. Investors concerned with stagflation seek alternative assets that can generate yields. In traditional markets that could be gold or copper, and Bitcoin,” he said.
Pandl says that the relatively good Bitcoin performance reflects a rotation far from the technological actions of great capitalization towards assets of basic products such as Bitcoin. You can see this in Bitcoin’s performance against Roundhill “Magnificent 7 ETF”. You can now buy more of that ETF with a bitcoin compared to a week ago.
For those who subscribe to Bitcoin’s long -term investment thesis as a safe shelter in uncertain times, the last days have been a test case where Bitcoin is winning. In theory, let’s say these defenders, Bitcoin should benefit as investors seek alternatives to dollars in stress times.
“If you believe that the erosion of the position of the dollar is part of Bitcoin’s thesis, then your conviction in that thesis of the last week should have increased,” says Pandl.
He hopes that the price of Bitcoin will increase in the medium term, reaching new highs of all time this year.
“The price of Bitcoin is low, but the conviction has increased and there is no need to change the medium -term prices perspective,” he said.
