Macro investor and fund manager Dan Tapiero believes that Bitcoin is gearing up for an explosive breakout against the S&P 500 index (BTC/SPX).
In a new post, Tapiero tells his 127,800 followers on the social media platform X that Bitcoin may outperform equities as US President Donald Trump’s announced tariffs have ignited a massive stock sell-off.
“‘Moment of realization’ for BTC. Tariffs crushing analog markets and fears rampant with VIX (Volatility Index) at 40. Authorities and co. sitting by watching NDX (Nasdaq-100 Index) in free fall. Rates will adjust lower but it is a process. Chart below is BTC/SPX. About to explode up.”
Tapiero suggests that Bitcoin’s performance may be decoupling from traditional finance, which is reeling from Trump’s tariffs.
“Tariffs represent battle ongoing in the old analog world. In an attempt to solve old problems: excess govt spending, FX (foreign exchange) manipulation, weak growth, geopolitics, etc. So much manipulation and interference. Can it be fixed? Bitcoin stands outside this world. Free of legacy burdens.”
Lastly, he says that Trump’s massive increase in US tariffs may slow economic growth and create market uncertainty. However, he says that gold and Bitcoin may work as a hedge against recessionary pressures.
“Unfortunately, this chart means lower growth in the US and uncertainty to remain high for now. Interest rates are definitely coming down a lot now. Gold and Bitcoin as havens.”
Bitcoin is trading for $83,805 at time of writing, up 1.5% in the last 24 hours.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Generated Image: Midjourney
Read the full article here
