Bitcoin beats global assets post-Trump election, despite BTC correction
Despite a recent correction, Bitcoin has outperformed other major global assets, including the stock market, equities, treasuries, real estate, and precious metals. As of now, Bitcoin's price is down 23% from its all-time high of over $109,000 but continues to lead in performance following the Trump election. Analysts believe this retracement is part of an organic correction within a bull market, attributing recent declines to factors such as tariff uncertainty and recession fears. Furthermore, the US Bitcoin ETFs are seeing positive net daily inflows, with over $274 million recorded, marking the highest activity since early February. Experts are optimistic about Bitcoin's future price trajectory, with predictions suggesting it could reach over $200,000 within the next 1-2 years. Although there are concerns over potential downside volatility due to global trade tensions, it is anticipated that Bitcoin will not drop significantly below its current levels.
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