Bitcoin’s safe-haven appeal grows during trade war uncertainty
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Update April 9, 1:38 pm UTC: This article has been updated to include the latest developments on US import tariffs. The global trade war may be a silver lining for Bitcoin’s growing recognition as a safe-haven asset next to gold, thanks to its liquidity and accessibility advantages compared with precious metals. Financial markets have been rattled since US President Donald Trump’s April 2 reciprocal import tariffs announcement, leading to record-breaking sell-offs for traditional stock markets and a Bitcoin (BTC) correction below $75,000. While gold remains the dominant refuge for investors during geopolitical stress, analysts say Bitcoin’s digital nature and 24/7 liquidity are helping it attract renewed interest. “You want to store value in something other than US assets. But you don’t want to own other nations’ currencies/debt/assets because they’re even weaker and you expect they’ll debase it,” said Hunter Horsley, CEO of crypto asset manager Bitwise, in an April 9 post on X. “You look around, and you see it: an asset that can’t be debased, is controlled by no country, and that you can take into your possession immediately. You wind up buying Bitcoin,” Horsely said. Source: Hunter Horsley Despite the growing optimism, gold will likely remain the dominant asset, especially in the near term, Aurelie Barthere, principal research analyst at Nansen crypto intelligence platform, told Cointelegraph, adding: “Bitcoin is promising, but it’s still quite volatile, it could get there gradually. The PBOC has been shedding US Treasury holdings and increasing gold reserves for years. Therefore, I expect this trend to accelerate regardless of the crypto narrative.” Related: 4th gen crypto needs collaborative tokenomics against tech giants — Hoskinson China’s Finance Ministry on April 9 announced new tariffs of up to 84% on US imports, effective April 10, as a retaliatory measure against Trump’s policy. Analysts say a resolution…
Filed under: News - @ April 10, 2025 4:17 am