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Dragonfly partner Haseeb: Bitcoin has both gold and Nasdaq attributes
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2025-04-06 12:02 5,167
According to Golden Finance, Dragonfly managing partner Haseeb Qureshi published an article analyzing the current crypto market trend. He said that the price of Bitcoin remains stable, which may be because it has both gold and Nasdaq attributes - "surviving in the gap" between gold rise and technology stocks decline. MicroStrategy's continued buying strength is also providing support. Haseeb said that the market currently expects interest rate cuts and quantitative easing to restart, as the most risky asset, altcoin is the first to benefit. Furthermore, unlike stocks and bonds, altcoins are not directly affected by tariffs. He also believes that retail investors were buying at the bottom of the stock market last Friday, while institutional funds were flowing out; because altcoins were dominated by retail investors, the capital market did not fluctuate significantly, so the price remained firm.
Keywords: Bitcoin
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