🚨 Bitcoin: The Unlikely Champion of Global Assets 🚨
As the good people of Moscow would say, “It’s a miracle!” Bitcoin, the cryptocurrency that was once considered a novelty, has managed to outperform the other major global assets, despite the recent correction and the two-month debt suspension period in the United States.
But, my dear friends, this is not just any ordinary miracle. No, no, no! This is a miracle of the highest order, a miracle that defies the laws of economics and the whims of the market. For, as we all know, Bitcoin’s price is currently down 23% from its all-time high of over $109,000 recorded on the day of US President Donald Trump’s inauguration. Ah, but what a glorious day that was! The sun was shining, the birds were singing, and the markets were soaring! 🌞
And yet, despite this decline, Bitcoin still outperformed all major global market segments, including the stock market, equities, US treasuries, real estate, and precious metals. Ah, the mighty Bitcoin, how you have conquered the hearts and minds of the investing public! 💥
As Thomas Fahrer, the co-founder of Apollo Sats, so eloquently put it, “Even with the pull back, Bitcoin still outperforming every other asset post election.” Ah, yes, indeed it is! For, as we all know, the markets are a mysterious and wondrous place, full of twists and turns and surprises. 🤯
But, of course, not everyone is convinced. Ah, no, no, no! There are those who would say that Bitcoin’s correction is a sign of a bear market cycle, a harbinger of doom and gloom. But, my dear friends, we must not be fooled. No, no, no! This is merely a correction within a bull market, a necessary evil that will ultimately lead to even greater heights. 🌈
As Aurelie Barthere, principal research analyst at the Nansen crypto intelligence platform, so wisely put it, “We are still in a correction within a bull market: Stocks and crypto have realized and are pricing in a period of tariff uncertainty and fiscal cuts, no Fed put. Recession fears are popping up.” Ah, yes, indeed they are! But, my dear friends, do not be afraid. For, as the great philosopher once said, “The only thing we have to fear is fear itself.” 😊
Bitcoin ETFs log biggest daily inflows since February
And, if that were not enough, the US spot Bitcoin exchange-traded funds (ETFs) are starting to see positive net daily inflows, which may bring even more upside momentum for the world’s first cryptocurrency. Ah, the mighty ETFs, how they have captured the hearts and minds of the investing public! 💸
The US Bitcoin ETFs recorded over $274 million worth of cumulative net inflows on March 17, marking the highest day of investments since Feb. 4, when Bitcoin was trading above $98,652. Ah, yes, indeed it is! For, as we all know, the markets are a mysterious and wondrous place, full of twists and turns and surprises. 🤯
And, of course, there are those who would say that Bitcoin’s price may see more downside volatility due to global trade war concerns. But, my dear friends, we must not be afraid. No, no, no! For, as the great philosopher once said, “The only thing we have to fear is fear itself.” 😊
As Gracy Chen, CEO of Bitget, so wisely put it, “I don’t see BTC falling below 70k, possibly $73k – $78k which is a solid time to enter for any buyers on the fence. In the next 1-2 years, BTC at $200k isn’t as far-fetched as most would think.” Ah, yes, indeed it is! For, as we all know, the markets are a mysterious and wondrous place, full of twists and turns and surprises. 🤯
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2025-03-18 14:04