Bitcoin: The New Gold or Just Fool’s Gold? 🤔💰

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Ah, Vivek Ramaswamy, that audacious entrepreneur who once shared the lofty halls of the U.S. Department of Government Efficiency (D.O.G.E.) with none other than the illustrious Elon Musk, has taken to the digital ether to extol the virtues of Bitcoin. In a moment of what one might call ‘clarity,’ he proclaimed it a hedge against the tempestuous seas of economic uncertainty, all while the stock markets bleed profusely like a character in a particularly melodramatic novel.

“Bitcoin is hedge. That’s becoming increasingly clear”

In a delightful twist of fate, Ramaswamy echoed the sentiments of Tether’s CEO, Paolo Ardoino, who had the audacity to label Bitcoin as “the hedge.” Our dear Vivek, in a moment of agreement, declared that this role is becoming “increasingly clear.” One can only imagine the fervor with which he typed those words, perhaps while sipping a fine cup of overpriced coffee. ☕️

This is becoming increasingly clear.

— Vivek Ramaswamy (@VivekGRamaswamy) April 5, 2025

The community’s reaction to this proclamation was as mixed as a poorly made salad. Some rallied behind Ramaswamy, waving their Bitcoin flags with fervor, while others clung to the age-old belief that gold, that glimmering relic of yore, remains the undefeated champion of hedges. “The goldback will remain undefeated,” they cried, as if in a Shakespearean play. 🎭

Bitcoin holds above $80,000 as stock market crashes

Meanwhile, as the stock market finds itself in a veritable bloodbath, with losses exceeding $5 trillion—yes, trillion, a number so large it makes one’s head spin—Bitcoin stands resolute, like a lone tree in a storm, holding steadfast above the $80,000 mark. The chaos, it seems, has been ignited by Donald Trump’s latest round of trade tariffs, which now target not just China, Mexico, and Canada, but a staggering 180 countries. Talk about a global party! 🎉

Earlier this week, Bitcoin did experience a slight dip of 6.4%, tumbling from the lofty heights of $87,000 to a mere $81,540. But fear not! It has since clawed its way back to $83,680, adding a smidgen more than 1%. A true underdog story, if ever there was one.

In a delightful twist of fate, Bitcoin has outperformed the beleaguered Nasdaq 100 this year. While the Nasdaq has plummeted by over 16%, Bitcoin has only lost a paltry 12%. It appears that our dear Bitcoin is attempting to decouple from the stock market, much to the delight of its advocates, like the ever-optimistic Samson Mow, who predicted this very phenomenon.

Robert Kiyosaki says silver is better than BTC

And then, as if the plot could thicken further, we have the venerable Robert Kiyosaki, author of the infamous “Rich Dad Poor Dad,” who has taken to Twitter to share his musings on Bitcoin, gold, and silver. While he has historically been a supporter of all three, he now seems to favor silver over its more illustrious counterparts. One can only wonder if he’s been watching too many episodes of “Antiques Roadshow.” 📺

Kiyosaki argues that while the supply of Bitcoin and gold remains stagnant, silver is being actively utilized in various industries. Thus, he predicts that silver’s price is destined to double this year, reaching at least $70 per ounce. A bold claim, indeed! Perhaps he’s been reading too many financial horoscopes. 🔮

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2025-04-05 14:21