Dragonfly Partner: Bitcoin has both gold and Nasdaq attributes

Odaily News Haseeb Qureshi, managing partner of Dragonfly, published an article analyzing the current trend of the crypto market. He said that the stability of Bitcoin prices may be due to its combination of gold and Nasdaq attributes - "surviving in the cracks" between rising gold and falling technology stocks. MicroStrategy's continued buying power is also providing support. Haseeb said that the market currently expects interest rate cuts and the restart of quantitative easing, and as the most risky assets, altcoins are the first to benefit. In addition, 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; because altcoins are dominated by retail investors, the funding side has not fluctuated significantly, so the price remains strong.