Eric Trump: Being Besieged and De-platformed Strengthens My Belief in Crypto's FutureOn October 27, Eric Trump, the second son of Donald Trump, said in an interview on The Iced Coffee Hour that Bitcoin as "digital gold" is already a settled fact. He asserted that the SWIFT system will disappear, finance will transition to 24/7 operation, and DeFi will replace traditional finance through smart contracts.Eric pointed out that crypto's growth has far outpaced the internet of the 1990s and predicted that within ...

Core Insights - Despite concerns about foreign investors selling U.S. assets, stock inflows remain robust, although foreign purchases of U.S. Treasuries have significantly decreased, leading to the emergence of the "hedge America" trade narrative [1][2]. Group 1: Market Reactions - Danish pension fund Akademiker Pension's $100 million sale of U.S. Treasuries was characterized as routine business due to deficit concerns rather than a political stance, indicating a shift towards hedging rather than outright selling [2]. - The U.S. dollar index (DXY) has decreased to 96.83 from a high of 108, reflecting a broader trend of dollar depreciation [3]. Group 2: Asset Performance - The S&P 500 is near all-time highs at $6,877, while silver prices have more than doubled from last year, currently above $77, showcasing strong performance in equities and commodities despite dollar weakness [4]. - Foreign investments in U.S. equities reached $689 billion through November 2025, significantly up from $197 billion the previous year, indicating a strong appetite for U.S. stocks [7]. Group 3: Market Sentiment and Predictions - Polymarket traders show varied expectations for Federal Reserve rate cuts, with 27% odds for either two or three cuts in 2026, and a declining market perception of a U.S. recession now at 24% [5]. - Rate cuts typically lead to a weaker dollar as investors seek better yields abroad, while increased liquidity tends to boost stocks and commodities [6]. Group 4: Crypto Market Dynamics - The anticipated correlation between cryptocurrency and gold during dollar depreciation has not materialized, with Bitcoin experiencing a 50% drop from its October highs, suggesting a potential decline in the 'digital gold' narrative [8].

Core Viewpoint - The narrative of Bitcoin as "digital gold" is being challenged, with analysts suggesting it behaves more like a speculative financial instrument rather than a hedge against inflation [2][4]. Group 1: Bitcoin's Characteristics - Bitcoin is often compared to gold due to its capped supply of 21 million coins, making it resistant to inflation and government manipulation [1]. - Historically, Bitcoin was seen as a hedge against monetary debasement, especially during economic crises [1]. Group 2: Analyst Insights - Barry Bannister from Stifel Financial Corp argues that Bitcoin's behavior has shifted; it no longer rises when the U.S. dollar weakens, which is contrary to its past performance [4][5]. - Bannister describes Bitcoin as a liquidity-driven trade rather than a defensive asset, suggesting it reflects a bet against the dollar's stability [5]. Group 3: Price Predictions - Stifel analysts have predicted a potential decline in Bitcoin's price to between $38,000 and $40,000, based on historical drawdown patterns [6]. - Bannister notes that Bitcoin has experienced three major drawdowns in 15 years, each stopping at similar percentage points on a chart [6].

Let's bring in Barry Bannister. He's the chief equity strategist at Seiffl. Barry, it's great to have you and and I don't know if if this is part of a broader macro case or a Bitcoin specific kind of move that jumps out to you after a lot of the trading damage we've seen.>> Yeah, Bitcoin is is not digital gold. Uh when you think about gold when it does well and when it does best historically, it's because of higher thanex expected inflation with lower growth, stackflation basically. But Bitcoin really behav ...

Once pitched as “digital gold” and a higher-octane counterpart to the Nasdaq and S&P 500, Bitcoin now lags all three over the past five years after its recent ferocious rout https://t.co/xHxx5VxjYP ...

Core Viewpoint - Bitcoin is underperforming compared to major asset classes like gold, Nasdaq, and S&P 500, raising concerns about its long-term investment narrative [1][3]. Performance Comparison - Since early 2021, Bitcoin has returned approximately 73%, lagging behind gold at 164%, Nasdaq 100 at 82%, and S&P 500 at 75% [2]. - As of Thursday, Bitcoin was down about 7%, with year-to-date losses nearing 30% [2]. Market Sentiment - The current underperformance challenges the narrative of Bitcoin as a superior long-term investment, especially given its historical volatility and potential for significant rallies [3]. - The cryptocurrency is facing a "crisis of faith," with selling pressure from various fronts and failing to act as a hedge during geopolitical tensions and dollar weakness [4]. Investment Dynamics - Retail investors are shifting away from cryptocurrencies towards equities and metals, with gold becoming the preferred reserve asset [7]. - Bitcoin's appeal as a store of value is diminishing, as it offers no yield, cash flow, or intrinsic growth, relying solely on price [7].

RT Gareth Jenkinson (@gazza_jenks)Bitcoin is trading at ~$71,000, while Gold has been on a generational run to ATHs.Everyone is looking for some clear signal as to why Bitcoin is trading the way it is and what 2026 has in store.@Grayscale head of research @LowBeta cuts through the noise 👇"Bitcoin is not gold. We use this metaphor of digital gold because it's a fast-track way to activate people's minds to understand what we're even talking about," Pandl told @rkbaggs and me on Chain Reaction."Bitcoin is a co ...

Core Insights - The cryptocurrency market has experienced a significant decline, with a total market value loss of $467.6 billion since January 29, primarily driven by a selloff in Bitcoin [1][2] - Bitcoin has dropped approximately 40% since reaching a record high in early October, following a series of liquidations that resulted in $19 billion in losses [2][6] - The recent market behavior indicates a prevailing trend of selling, despite some minor rebounds [3] Market Dynamics - Bitcoin reached a 15-month low of $72,877 before recovering slightly to around $75,900 [1] - The broader crypto market has not recovered from the liquidations that occurred on October 10, which have significantly impacted investor sentiment [2][6] - In the last 24 hours, over $700 million in crypto bets were liquidated, contributing to a total of over $6.67 billion since January 29 [6] Geopolitical Context - The decline in Bitcoin and other cryptocurrencies coincides with increased tensions between the US and Iran, leading investors to seek safer assets [4] - Bitcoin's failure to act as a safe haven during geopolitical uncertainty raises questions about its status as "digital gold" [5] Investor Sentiment - There has been a notable shift in investor behavior, with a decrease in the long-held belief in Bitcoin as a must-hold asset [7] - Flows to US-listed Bitcoin exchange-traded funds have been volatile, with significant inflows followed by substantial outflows [6]

Bitcoin is digital gold. The informational asymmetry has closed.*only to the downside https://t.co/5dF9wca3vpWill (@WClementeIII):Nice to finally see BTC behaving like digital gold today ...

Bitcoin’s “digital gold” promise is unraveling as traders forgo the token for surging metals, exposing a narrative that once defined the asset’s macro appeal https://t.co/PJ4dEVFge0 ...