Golden Finance reported that Greg Cipolaro, head of global research at New York Digital Investment Group (NYDIG), pointed out in a report on April 11 that although Trump's implementation of global tariff policies has caused market panic, the cryptocurrency market is relatively stable. He mentioned that the interest rate of cryptocurrency perpetual futures has been positive, Trump announced that the liquidation volume surged after the tariff was announced, but the total amount was not high, and Bitcoin performed far better than other assets, and volatility did not rise to historical highs. Greg Cipolaro believes that investors may increasingly tend to find a store of value that is not affected by trade turmoil, and Bitcoin's volatility narrows its gap with other assets, making it more attractive to risk-parity strategy funds. He analyzed that investors may be reducing risk exposure, and allocating some assets to Bitcoin may be one of the reasons for its stable performance, and the allocation of risk parity funds to Bitcoin will help reduce volatility, enhance asset attractiveness, and form a virtuous cycle.