The post Vivek Ramaswamy points to Bitcoin as a hedge to present economic turmoil appeared on BitcoinEthereumNews.com.

The American businessman turned politician believes Bitcoin is a hedge against the current economic downturn, which has seen the benchmark index for stocks, the S&P 500, drop by over 13% since the year started. Ramaswamy gave his sentiments on the crypto in a reply to a late Friday X post by Tether CEO Paolo Ardoino. “This is becoming increasingly clear,” wrote the Ohio Gubernatorial seat aspirant.  Although an investor could argue that Gold currently has better returns, as the crypto market is also in a bloodbath, BTC holds more value in a long-term comparison.  If an investor had allocated $1,000 equally into Bitcoin, gold, and the S&P 500 five years ago, the latter would have doubled the initial investment to approximately $2,040. Gold could have yielded a slightly below 90% return, but Bitcoin has gone up 11 times in value since, bringing the same $1,000 investment to $12,210. Stock market plunges down, crypto investments go up A two-day post-Liberation Day market rout erased $6.6 trillion in shareholder value from the US stock market, according to Dow Jones data. Thursday and Friday marked the worst two-day loss in US equity market history, with $3.25 trillion of that value vanishing on Friday alone. At the same time, as reported by multiple sources, the crypto market absorbed $5.4 billion in new capital. The selloff came as a result of new tariffs announced by US President Donald Trump, which rattled investors and raised fears of economic isolation. The S&P 500 fell by nearly 6% over the two-day stretch, surpassing early-term losses seen under former President George W. Bush, whose first office days had a low-point market performance. The Dow Jones Industrial Average dropped 11.9% since Inauguration Day, while the S&P 500 has declined 15.4% in the same period, according to data through Friday’s close.…

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Filed under: News - @ April 5, 2025 6:17 am