Well now, here we are amidst a circus of tariffs tossed about like a cat at a dog show, courtesy of our dear President Trump. Analysts are wagging their tongues, convinced that Bitcoin might just be the spunky contender ready to take the throne from the US dollar before we raise the next cup of coffee!
As that astute fellow Jeff Parks, over at Bitwise Invest, claimed on the fateful day of April 9, “The chance of Bitcoin outliving the dollar has never felt more real!” Now ain’t that a revelation? 🌪️
Investors Are Left Holding the Bitcoin Bag, Says Crypto Chief
Why, it’s a wonder a thought like that hadn’t struck him before! Parks continued, admitting that for the first time, what once seemed mere fanciful thinking now feels as solid as a rock. Or perhaps a hard piece of bread, if we’re being honest.
His compatriot, Hunter Horsley, chimed in with the wisdom of ages, observing that trust in the dollar is less stable than a one-legged stool. And bless his heart, he implied that gold, that old reliable sidekick, comes with the hassle of moving and storing. “You find yourself buying Bitcoin,” he quipped, as if it’s a good ol’ friend you just can’t shake off.
Meanwhile, the US Dollar Index, a curious little gauge tracking the dollar’s strength against other currencies, is sitting at 102.193—having dipped a hefty 5.84% since the New Year. Analysts at Wall Street might’ve overcooked their predictions, thinking these tariffs would be a boon for our dear dollar, only to learn otherwise, as per the Wall Street Journal.
On April 2, our illustrious leader signed an executive order that slapped a 10% blanket tariff on imports, effective April 5—for all countries. Now, if that ain’t a recipe for confusion, I don’t know what is. And just a few days later, the reciprocal tariffs tightened their grasp like a hungry alligator.
This uncertainty and the looming specter of recession have sent both traditional markets and those wild crypto cows into a tailspin. Bitcoin (BTC), bless its heart, is trading at $76,301, down a cheerful 18.37% since January 1, according to CoinMarketCap.
Our Bitcoin bard, Saifedean Ammous, quipped on April 8 that America’s troubles stem not from one nation’s deficit but due to the “fiat money printer” running wild and free. “As long as the world is using our dollar,” he said, “an ever-growing number of Americans can feast off this money tree.” 🌳
Now, the remedy for this conundrum? Why, it’s simple! Stop churning out “fake money” and lean into something sturdy and reliable, like Bitcoin or gold. Or as he put it, “Perhaps we just need to ditch America’s ‘shitcoin’ and give Trump those trade surpluses he’s lusting after.”
Read More
- DEEP PREDICTION. DEEP cryptocurrency
- Ludus promo codes (April 2025)
- Maiden Academy tier list
- Best Elder Scrolls IV: Oblivion Remastered sex mods for 2025
- CRK Boss Rush guide – Best cookies for each stage of the event
- CXT PREDICTION. CXT cryptocurrency
- Mini Heroes Magic Throne tier list
- KAITO PREDICTION. KAITO cryptocurrency
- Outerplane tier list and reroll guide
- John Wick 5 Just Got An Update From A Lionsgate Exec, And Now I’m Even More Confused About What’s Happening With Keanu Reeves’ Character
2025-04-09 09:26