On the 13th (local time), CryptoPotato announced that experts predicted that investors would flock to Bitcoin, the leading cryptocurrency, if macroeconomic conditions affected stock prices.
On the other hand, the opposite trend is emerging. Joo Ki-yeon, founder and CEO of on-chain analysis platform CryptoQuant, recently said through X
He emphasized that Bitcoin is not yet digital gold, but he said he could see some positive signals from the situation.
"Tariff experts are playing 6th-former chess," Chu said at the Xinhua news conference, adding that while such uncertainty typically creates demand for safe assets,
He pointed out that Bitcoin has not yet been recognized as such an asset. His argument is based on the fact that gold prices have risen 11% since President Trump returned to power, while Bitcoin has risen 10% in the same period.
Bitcoin has been dubbed "digital gold" thanks to its security, limited supply, and perception as a store of value.
These characteristics are similar to gold, which is considered a long-term store of wealth with a finite supply. Bitcoin's status as digital gold is still unclear, but CEO Joo Ki-young said he expects Bitcoin to become a
He maintains his optimistic view that Bitcoin will eventually surpass gold's market cap of $20 trillion. Currently, Bitcoin's market cap is around $1.6 trillion.
He emphasized that while it is clear that Bitcoin is currently in a bear market, its long-term growth potential remains valid.
His short-term bearish outlook supports his argument that Bitcoin has completed its bull run this cycle. He noted that just a month ago, all on-chain indicators were showing signs of a decline in Bitcoin’s
He said the signal is a bear market and investors should prepare for a bearish or flat market over the next six to 12 months, due to reduced liquidity in the market.
2025/04/14 17:09 KST
Copyright(C) BlockchainToday wowkorea.jp 117