Post
Topic
Board Economics
Re: The Trump Dump
by
apogio
on 14/04/2025, 13:01:57 UTC
Honestly, I wish what you said was true, bitcoin is unrelated and unaffected by tariff wars, economies, geopolitics...because that's how bitcoin can become digital gold, a safe haven. But ironically, the opposite is happening, bitcoin is considered a speculative asset and is closely correlated with the US stock market. It is influenced and dumped by geopolitical news, macro news about the economy...No matter how much you or others try to deny it, it is happening.

+1 on this.
Unfortunately there is correlation between Bitcoin and US stock market, in terms of their price, even though the same doesn't seem to be true for gold.
Bitcoin is priced as an asset and not as a currency, that's why it happens. I am not implying that gold is a currency nowadays, but it's obvious that the fact it used to be a currency, still has some importance in terms of their correlation with the rest of the US markets.