Worries – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 12 Jun 2025 07:05:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Worries – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitwise CIO Matt Hougan Says Worries Over US Dollar and Money Printing To Accelerate One ‘Megatrend’ https://earlybirdsinvest.com/bitwise-cio-matt-hougan-says-worries-over-us-dollar-and-money-printing-to-accelerate-one-megatrend/ https://earlybirdsinvest.com/bitwise-cio-matt-hougan-says-worries-over-us-dollar-and-money-printing-to-accelerate-one-megatrend/#respond Thu, 12 Jun 2025 07:05:33 +0000 https://earlybirdsinvest.com/bitwise-cio-matt-hougan-says-worries-over-us-dollar-and-money-printing-to-accelerate-one-megatrend/

Matt Hougan, the chief investment officer (CIO) of crypto asset management firm Bitwise, says concern over US dollar weakness is creating one massive Bitcoin (BTC) trend.

In a new interview on CNBC Television, Hougan says that more public companies are buying Bitcoin to hold on their balance sheets as a hedge against the declining strength of the dollar due to money printing and other factors.

“We think this is a megatrend that’s going to accelerate into the future. One [reason], of course, is increased worries about the dollar. Corporations globally are sitting on record amounts of cash and what they’ve historically done is park it in short-term US Treasuries or, in fact, in cash accounts. But with the huge money printing and growing deficits, that no longer seems like a valid approach. They need another way to protect their wealth from degradation and they are turning to the best horse in that race, which is Bitcoin.”

Hougan predicts that publicly traded companies with Bitcoin treasuries will one day number in the thousands as investors also start to favor companies employing the strategy.

“The investing audience has just recognized this is a positive strategy. And so companies are being rewarded for taking this bold step of putting Bitcoin on their balance sheet. We think there will ultimately be thousands of companies that do this. We think we’re in inning one or two of this megatrend period, but you’re seeing it accelerate over time. It’s very exciting.”

 

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]]> https://earlybirdsinvest.com/bitwise-cio-matt-hougan-says-worries-over-us-dollar-and-money-printing-to-accelerate-one-megatrend/feed/ 0 41558 Why Is the Crypto Market Down Today? Bitcoin Drops to $82K as Traders Flee Risk Assets Amid Macro Worries https://earlybirdsinvest.com/why-is-the-crypto-market-down-today-bitcoin-drops-to-82k-as-traders-flee-risk-assets-amid-macro-worries/ https://earlybirdsinvest.com/why-is-the-crypto-market-down-today-bitcoin-drops-to-82k-as-traders-flee-risk-assets-amid-macro-worries/#respond Sun, 30 Mar 2025 08:51:22 +0000 https://earlybirdsinvest.com/why-is-the-crypto-market-down-today-bitcoin-drops-to-82k-as-traders-flee-risk-assets-amid-macro-worries/

Cryptocurrency prices have experienced a sharp decline over the last few hours, with bitcoin (BTC) now being down around 3% over the last 24 hours, while major altcoins including XRP, BNB, and SOL are down between 4% and 5% over the same period.

The broader cryptocurrency market, represented by the CoinDesk 20 Index (CD20), lost around 3.3% of its value over the period. The sharp drop brings BTC’s performance down 1.7% for the week, while CD20 is down nearly 5%.

Over the last 24 hours, over $300 million worth of long positions were liquidated on centralized cryptocurrency exchanges, while $38.8 million worth of shorts were liquidated on these platforms, according to CoinGlass data.

The drop appears to be part of a wider derisking move among traders, as investors are anticipating the impact of President Donald Trump’s reciprocal tariffs that are set to come into effect on April 2. The move heightened after core Personal Consumption Expenditures (PCE) data came in hotter than expected on Friday.

Just this week, consumer confidence data dipped further than expected, while the index for future expectations came in at a 12-year low, and well below levels associated with an incoming recession.

This confluence of factors has seen investors reduce their exposure to risk assets and triggered a flight to safety. CoinDesk Data’s latest stablecoin report shows that gold-backed cryptocurrencies have benefitted from the risk-off move, as their market capitalization climbed above $1.4 billion in March.

Gold-backed cryptocurrencies are, in fact, countering the market’s bearish trend. While the CD20 is down over 3% in the last 24-hour period, tokens including PAXG and XAUT are up 0.7% to over $3,100. These tokens are up more than 18% year-to-date, while BTC is down 12.5% and the CD20 index 28% so far this year.

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