Summary
- Zach Pandl, head of Grayscale Research, evaluated that Bitcoin showed a relatively stable trend compared to Nasdaq.
- Pandl analyzed that Bitcoin's performance was better than the expected -45%, which investors may view positively.
- It was stated that tariff policies are likely to have a positive impact on Bitcoin adoption in the long term.
The virtual asset (cryptocurrency) investment management company Grayscale evaluated in a report that while risky assets such as stocks showed a significant decline after the US tariff policy announcement last week, Bitcoin (BTC) only fell by 8%, showing a relatively stable trend.
According to the virtual asset specialized media CoinDesk on the 8th (local time), Zach Pandl, head of Grayscale Research, explained, "In the past, Bitcoin was expected to have about three times the volatility compared to Nasdaq, but as of April 8th (local time), Nasdaq fell by 15% compared to April 2nd, while Bitcoin only fell by 8%."
He continued, "This is a better performance than the expected -45%, and virtual asset investors may view Bitcoin's mild decline positively."
He also added, "Tariff policies can induce risk-averse sentiment in the market in the short term, but in the long term, they are likely to have a positive impact on Bitcoin adoption."
Zach Pandl emphasized, "Bitcoin's mild decline is an example of this market reaction," and "Generally, stagflation negatively affects stocks and bonds, but has a positive impact on scarce assets. Recently, investors are seeking opportunities in alternative assets such as gold, copper, and Bitcoin."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
