CRYPTO 101 Crypto Rundown: How Will Bitcoin Trade on Tariffs?! This Fact Will SHOCK You
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Apr 4, 2025 Brendan and Tevo dive into the wild world of cryptocurrency, examining how recent tariffs are shaking up the markets. They highlight Bitcoin's unexpected strength, showcasing its potential as a safe haven during economic turbulence. The conversation also covers BlackRock's exciting Bitcoin ETF and the wider financial uncertainty. Plus, there's a fun twist as they discuss Fortnite's cool feature that lets players mine Bitcoin while gaming, blending culture with crypto in a fascinating way.
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Crypto Outperforms TradFi
- Crypto markets outperformed traditional markets this week, despite increased volatility and macroeconomic uncertainty.
- Bitcoin's resilience suggests a potential shift away from its recent correlation with traditional assets.
Tariff-Induced Market Crash
- The tariff announcement in the Rose Garden triggered a market downturn, leading to the 7th largest S&P 500 gap down in 40 years.
- This event's impact is comparable to the 2020 COVID shock, the 2011 Euro crisis, and the 2008 financial crisis.
Bitcoin as Safe Haven
- Bitcoin is holding value and performing well amidst a TradFi market crash, demonstrating its potential as a safe haven asset.
- While increased correlation existed previously, Bitcoin is showing signs of decoupling.