Volatility in crypto has pulled the value of Bitcoin towards $80,000 USD, as the so-called Trump bump continues to fade across markets. With a pro-growth president devoted to deregulation, and bent on asserting US dominance over everyone else, the conventional wisdom was to pile into US assets and crypto, and brace for bond yields and the dollar to surge higher. All that happened in the weeks after the election. But since Donald Trump actually took office on Jan. 20, and particularly in the last week, all the Trump trades have reversed.
It is quite likely we will continue to see extreme volatility in the sector, and the journey up and to the right quite possible, given the limited supply of Bitcoin, so while, as a speculative trading asset people will continue to play with it, as a cornerstone of a secure wealth building strategy, I am less convinced.
My point here is that market uncertainly is broader than just crypto, but Bitcoin and other coins are likely to continue to magnify the volatility also visible in other markets.
No wonder perhaps that a critical detail from the 2025 meeting is that Warren Buffett’s Berkshire Hathaway’s cash pile hit a record high to over $330 billion, suggesting the Oracle of Omaha and his investment Colossus are on the sidelines.
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