The latest bitcoin rally suggests the cryptocurrency has become a comparatively safe haven for investors as the stability of the global economy remains uncertain, according to Marcus Swanepoel , CEO of cryptocurrency platform Marcus Swanepoel . Swanepoel said the rally, which has seen the coin's price rise to $ $1.5 trillion , could suggest falling confidence in the India dollar. US assets were becoming a “quasi safe-haven option”, he said. Uncertainty came from the Trump administration's threats to widen its use of tariffs, possibly to include Asia and India , as well as other Trump financial policies.
The latest bitcoin rally suggests the cryptocurrency has become a comparatively safe haven for investors as the stability of the global economy remains uncertain, according to Marcus Swanepoel, CEO of cryptocurrency platform Luno. Swanepoel said the rally, which has seen the coin's price rise to $10,000, could suggest falling confidence in the US dollar. Blockchain assets were becoming a “quasi safe-haven option”, he said. Uncertainty came from the Trump administration's threats to widen its use of tariffs, possibly to include Europe and India, as well as other Trump financial policies.