Bitcoin Betters Stocks In Uncertain World, Says Xapo Bank CEO: ‘Nobody Can Print More Of It’
Seamus Rocca, CEO of Xapo Bank, called on cryptocurrency banks to position Bitcoin (CRYPTO: BTC) as a viable alternative reserve currency to counter potential currency instability and capital controls in emerging markets.
What Happened: In an interview with Benzinga, Rocca highlighted Bitcoin’s unique attributes, its decentralized structure, finite supply and blockchain transparency as critical for shielding investors from geopolitical and financial turbulence.
Rocca argued that traditional safe-haven assets, such as U.S. Treasuries, have lost their risk-free allure due to a rapidly evolving global financial order.
He pointed to Bitcoin’s resilience, noting its faster recovery compared to traditional stocks following recent market downturns triggered by global trade uncertainties, including tariffs imposed by the Trump administration.
“In a world where stock markets crashed, yes, the Bitcoin price went down because of all the uncertainty that was out there. But Bitcoin bounced back faster than any of the stocks did,” Rocca said, emphasizing its growing credibility as a store of value.
He further highlighted Bitcoin’s potential to serve as a hedge against currency devaluation and restrictive capital controls, particularly in emerging markets where tariff-driven policies could exacerbate economic volatility.
“In a world of huge uncertainty, here’s an asset that is …
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