Dragonfly Partner Haseeb: Bitcoin Combines the Properties of Gold and the Nasdaq

BlockBeats News, April 6th, Dragonfly General Partner Haseeb Qureshi wrote an article analyzing the current cryptocurrency market trend. He stated that the price of Bitcoin has remained stable, possibly due to its dual nature as both gold and Nasdaq — surviving in the "squeeze" between a rise in gold and a fall in tech stocks. MicroStrategy's continued buying pressure is also providing support.

Haseeb mentioned that the market is currently anticipating a restart of rate cuts and quantitative easing. As the riskiest asset, altcoins are therefore the first to benefit. Additionally, unlike stocks and bonds, altcoins are not directly affected by tariffs. He also believes that retail investors were bottom-fishing in the stock market last Friday, while institutional funds were flowing out. Since altcoins are dominated by retail investors and the capital side has not seen significant fluctuations, the price has remained resilient.