Bitcoin’s Sell-Off During Tariff Trade War: Is It No Safe Haven After All?
Posted On April 9, 2025
Bitcoin’s (CRYPTO: BTC) sharp decline has sparked renewed debate: is Bitcoin truly a risk asset, or is it evolving into a safe haven?
What Happened: Prominent Bitcoin investor Scott Melker analyzed the price action in his “Macro Monday” podcast, joining a panel of financial analysts that dissected the crash triggered by President Trump’s aggressive tariff announcements.
Sunday and Monday were described as “some of the worst market days in history,” with equities and crypto both taking major hits.
Mike Mloone warned that a correction was long overdue, even going as far as predicting a potential fall to $10,000 for BTC due to excessive equity valuations.
Dave Weisberger argued the sell-off was driven by forced liquidations, with …
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