Rafael Nam
👤 SpeakerAppearances Over Time
Podcast Appearances
Investors not only bought cryptos, they also borrowed heavily to magnify their wagers.
That did well when prices were up, but as soon as markets hit some volatility, that borrowing magnified losses and made investors very cautious.
After all, crypto has long been known for its volatility.
So even as stocks are doing well, with the Dow at a record high, Bitcoin is still down.
And there's no certainty about when it might recover.
At one point this week, Bitcoin hit around $60,000, or about half of its all-time high last year.
That fall came after a month of decline.
The reason is that Trump's crypto promises led to big speculation.
Investors not only bought cryptos, they also borrowed heavily to magnify their wagers.
That did well when prices were up.
But as soon as markets hit some volatility, that borrowing magnified losses and made investors very cautious.
After all, crypto has long been known for its volatility.
So even as stocks are doing well, with the Dow at a record high, Bitcoin is still down.
And there's no certainty about when it might recover.
We have a rule of a 72-hour notice for a return, and I can try to truncate that, but I've got people literally spread around the world right now, and we have a snowstorm.
has traditionally wanted a strong dollar.
But when Trump was asked by a reporter this week about the currency, he had a different take.