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Trump: Crypto Stronger than Other Assets During Market Decline**
United States (US) President Donald Trump stated that crypto is stronger for enduring during market declines. This makes him ambitious to embrace crypto before China overtakes him as a leader in digital assets.
The number one person in Uncle Sam's country noted that crypto is too important to be ignored, pointing to the increasing scale of adoption.
“Crypto is very popular and very sexy. If you look at the market, when the market is down, crypto is still very strong compared to other market aspects,” said Trump in an NBC interview.
Evidently, the realized volatility of Bitcoin during 10 trading sessions after the tariff announcement, Wednesday (02/04), is 43.86, lower than the figure of 47.29 for the S&P 500 and 51.26 for the Nasdaq 100 Index.
This means that although the crypto market has experienced an increase in short-term volatility, traders remain bullish in the long term.
“Bitcoin has strengthened against equity indices since the tariff announcement on April 2, a very unusual observation considering the significant risk decline that has occurred over the last six days,” said K33 Head of Research Vetle Lunde, citing Bloomberg.