The cryptoma market initially seemed to win the upper hand over the stock markets. While the exchanges quickly gave up before the weekend, Bitcoin (BTC) initially remained relatively stable. However, the crypto market has now also felt the effects of the US import tariffs. However, some analysts see this and see Bitcoin as a possible safe port for investors.
Falling ship or buying opportunity?
The customs crisis triggered by President Donald Trump ensures stress and uncertainty in the global markets, and Bitcoin also has to accept strong losses in the past few days. Last Sunday the course fell by 6 % and continued to sank on Monday. Yesterday BTC reached a low of $ 74,400 before the course recovered slightly to $ 79,400.
Despite the standing signals in the course graphic, not all experts see the situation pessimistic. Arthur Hayes, co -founder of Bitmex, divided into X with that he continues to accumulate Bitcoin. In his opinion, Bitcoin’s market dominance could soon reach 70 %.
https://twitter.com/Cryptohayes/status/190917414535922863
Bitcoin as a safe harbor
Trump’s unpredictable policy is currently creating a lot of uncertainty in the markets, which investors of volatile systems such as Bitcoin Slipped. Even Strategy, the largest institutional BTC owner, has been pausing the purchase for the time being. Nevertheless, Michael Saylor, the head of the company’s Bitcoin strategy, remains confident about Bitcoin’s long-term strength.
It is noteworthy that some large institutions see Bitcoin as a potential safe port – despite geopolitical tensions. The British Bank Standard Chartered said that BTC could benefit from Trump’s policy because it is an alternative to fiat currencies.
Dorsey: “Bitcoin has to be more than a value memory”
In view of the high pressure on the market, the debate about the actual benefits of Bitcoin will be revived. While some BTC only consider a value memory, others believe in a broad range of application.
Jack Dorsey, former CEO of Twitter and crypto entrepreneur, emphasizedthat Bitcoin has to find more areas of application:
“If (Bitcoin) ultimately only remains a value memory and nothing more, it will not be relevant in my opinion,” said Dorsey in the Presidio Bitcoin Podcast on April 2.
He added:
“If it is not integrated into payments and everyday use, it becomes increasingly irrelevant. And that would be a failure in my eyes.”