In the world where money slips through fingers faster than water in the Salinas River in August, Bitcoin (BTC) props itself up like some stubborn mule, refusing to budge while the storm passes. NYDIG, that house of finance men with stern faces and smarter-than-thou neckties, sees Bitcoin standing sure-footed in the tumbleweed chaos that is today’s markets.
Greg Cipolaro—now, there’s a name that sounds like a detective but is, instead, NYDIG’s global brain on research—pens down his newest gospel, noticing that crypto’s gotten real cozy, almost suspiciously so, while the “carnage” rages out yonder in the stock and bond wilds. The old world’s in shambles, but Bitcoin? It sips coffee, maybe winks.
“Perpetual swap rates have been positive for what feels like eternity. Sure, there was a liquidation fit on Sunday and Monday last week, tossing out $480 million like a bad batch of grapes, but even that was tame. Futures—those on this shore and the other—carry on with a cheery tune, and Tether (USDT) is staying just under a dollar, but no one’s panicking at the lemonade stand yet.
When the winds blow and men run for cover, crypto usually gets a taste of fear, too. This time, it’s mostly just yawning.”
As for who’s wearing the gold star in detention, Bitcoin looks over at Ethereum (ETH) and the altcoins lined up behind it, and grins. BTC, our unsinkable raft, still floats when other coins are patching leaks and tossing buckets. No bigger hedge against currency rot exists, unless you believe that gold teeth in mattresses will come back into fashion (spoiler: they won’t).
“The ETH-BTC cross has gone lower than Aunt Clara’s morals in 2019. The rest of the altcoins? Still trying to tie their shoes while the world spins. In this carnival, with countries printing money like it’s Monopoly night, there’s no silver medal for hedging fiat decay. Only gold, and Bitcoin’s hoarding it.” 🥇😏
As we speak, BTC trades at $84,984. That’s right—either a fortune or the world’s worst pizza order, depending on your timing.
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2025-04-15 15:02