Coinstash co-founder: Investors are still panicking about the tariff war and seeking safe havens, and the subsequent volatility is expected to be greater
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Odaily Odaily News reports that Coinstash co-founder Mena Theodorou said that although Trump has temporarily suspended the trade war, investors are still panicking and seeking safe havens, and volatility is expected to increase further. He pointed out that "tariffs of this magnitude are usually seen as unfavorable to risk assets such as Bitcoin and other cryptocurrencies." Gold hit a new all-time high today, while the US dollar index rose to a new high for the year. However, Theodorou believes that Trump also brings a glimmer of hope at the end of the tunnel, including a potential Bitcoin strategic reserve plan. (DL News)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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