The American businessman who turned to the politician believes that Bitcoin is a hedge against the current economic shrinkage, which witnessed the Benchmark Index of stock, S&P 500, has decreased by more than 13 % since the beginning of the year. Ramaswamy gave his feelings on encryption in a response to A Frica X Post by the CEO of Tether Paolo Ardoino.
“This has become increasingly clear,” books Ohio, the ambitious seat ruler.
Although the investor can argue that gold has better returns, as the encryption market in a bloodbath, BTC carries more value in a long -term comparison.
If the investor had allocated $ 1,000 equal in Bitcoin, gold, and S&P 500 five years ago, the latter would have doubled the initial investment to about $ 2040. Gold could have resulted in a little return than 90 %, but Bitcoin has increased by 11 times since then, up to $ 1,000 to $ 12.210.
The stock market is drowned, encryption investment rises
The post -birth market, which lasted two days after 6 trillion dollars, is wiped out of the value of the stock market in the United States, according to Dow Jones data. Thursday and Friday is the worst two -day loss in the history of the American stock market, with $ 3.25 trillion of this value fading on Friday alone. At the same time, as multiple sources, the encryption market absorbed $ 5.4 billion in the new capital.
The sale came as a result of the new definitions announced by US President Donald Trump, who shook investors and raised fears of economic isolation. The S&P 500 index decreased by approximately 6 % over two days, bypassing the early losses that were seen during the era of former President George W. Bush, who had the days of his first office in low -point market.
Dow Jones Industrial MEVERGAL has decreased by 11.9 % since the opening day, while S&P 500 decreased by 15.4 % in the same period, according to the data until the closure of Friday. The Russell 2000 index, which focused on small stocks, has seen its most disturbed start of a new registered management, with more than 25 % of the highest level in November and the entry of the bear market.
The Nasdaq, which was closed at a level above 20,056.25 in February, decreased more than 22 %.
On the other hand, the BTC/SPX ratio, which compares the Bitcoin performance with S&P 500, recently complete Reverse style of the head and shoulder, is usually a bullish signal in comparison of assets.
The pattern, seen in the graph above, was broken over the neckline at the 15th mark. After a record decline to re -test the penetration point, the ratio and may lead to a renewed momentum up to Bitcoin. It also corresponds to the peak Bitcoin 2021 for the S&P 500, the region that traders are now seen as the level of encryption support.
In addition to the bullish reference, the monthly graph displayed a green candle after the bounce, which indicates that the bitcoin bulls have successfully defended this critical area. Analysts note that the number of requests ranges between 13 and 15 on the BTC/SPX ratio, which was characterized by multiple support lines, has become a battlefield now tends to Bitcoin.
“It seems that it has found support/domain, and now there is somewhat dangerous support and interest like the American institutions and government“Market analyst on x Stuck. They supported the claim for two other reasons: Bitcoin does not face any profit pressure and cannot be targeted by international definitions.
According to market data trackers, Bitcoin Monotheism Each of 80,000 dollars exceeds $ 80,000, as technology shares such as Apple and Meta have abandoned more than 2 % of their assessments in the Friday market. In general, BTC had the lowest negative price movement compared to all wonderful technology shares, followed by Microsoft.
At the time of this post, it was trading about $ 83,000, looking for a post -$ 85,000 way, if breached, the currency can push about 30 days higher in values ​​above 90,000 dollars.
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