In a recent tweet, Vivek Ramaswamy shared his perspective on Bitcoin's role as an asset capable of withstanding economic instability. His assertions come amid significant declines in stock markets.
Ramaswamy on Bitcoin as a Hedge
Vivek Ramaswamy, an entrepreneur who previously worked on a government initiative with Elon Musk, tweeted his support for the idea that Bitcoin serves as a hedge against economic uncertainty. He referenced a post from Tether's CEO Paolo Ardoino, who described Bitcoin as a 'long-term hedge.' Ramaswamy agreed, noting that Bitcoin's role in this context is 'becoming increasingly clear.'
Bitcoin's Status Amid Stock Market Decline
Despite the sharp downturns in stock markets, Bitcoin shows resilience, remaining above the $80,000 mark. In recent days, stock markets lost over $5 trillion due to new trade tariffs imposed by Donald Trump affecting goods from 180 countries. Although Bitcoin fell about 6.4% earlier in the week, it has since rebounded to $83,680, now 1% higher.
Kiyosaki on Silver as an Alternative to Bitcoin
Prominent investor Robert Kiyosaki also commented on Bitcoin, gold, and silver. While supporting all three assets, he has recently favored silver, arguing that unlike Bitcoin and gold, the supply of silver is decreasing due to its active use in various industries. Kiyosaki believes this will lead to a doubling of silver prices this year.
Thus, experts' opinions on Bitcoin and other assets as hedges against economic instability continue to diverge. While Ramaswamy emphasizes the importance of Bitcoin, Kiyosaki seeks to highlight silver.
