President Donald Trump’s new tariff plans, announced last Wednesday, have shaken global markets and caused a nearly 5% drop in Bitcoin’s price. Despite this, Bitcoin’s price is approaching $80,000, and experts are pointing out that BTC is at a critical turning point.
Even with declines in traditional markets, Bitcoin has managed to stay above the $75,000 level, showing strong resistance. LMAX Group’s market strategist Joel Kruger mentioned that the current uncertainty could create an important opportunity for Bitcoin, with increased interest in BTC in the coming period.
However, whether Bitcoin can take on the role of digital gold remains the biggest question for the crypto market. JPMorgan analyst Nikolaos Panigirtzoglou notes that Bitcoin still shows higher volatility compared to gold, and in the current environment, gold may be a safer option than BTC.
