Jakarta, Pintu News – Zach Burks, CEO of Mintology, recently shared his views on current market conditions with crypto.news.
In his interview, Burks revealed that gold is still an institution’s safe asset. Bitcoin is increasingly becoming the choice of retail investors to hedge against economic instability.
Check out the full analysis below!
According to Burks, gold remains a favorite for institutional investors seeking safety amid market uncertainty. The recent surge in gold prices shows that many still trust the precious metal as an effective hedge.
On the other hand, Bitcoin (BTC) is gaining popularity among retail investors who are looking for alternatives to secure their assets amid economic turmoil.
Burks predicts that gold prices could surge beyond $3,500 in the short term before correcting after the so-called ‘Liberation Day’ event. This shows that although gold is considered stable, the market remains dynamic and is affected by various external factors.
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Zach Burks warns of heightened market volatility associated with former President Donald Trump’s much-anticipated event called ‘Liberation Day’.
He said this event could be like an “atomic bomb” for the financial markets. “Trump’s Liberation Day would be an atomic bomb in today’s markets – and crypto is not safe in the short term,” Burks wrote.
In response to the anticipated retaliatory tariffs, Burks predicts that Ethereum will drop to $1,600 and Bitcoin (BTC) will fall below $80,000. This shows that even large crypto assets are not immune to global political and economic shocks.
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Despite short-term concerns, Burks remains optimistic about Bitcoin’s (BTC) long-term prospects. He believes that Bitcoin’s price will surge in the long run as institutional investors begin to move their capital away from the increasingly unstable traditional financial system. “The outcome for crypto will be positive,” he wrote.
“Bitcoin price will surge in the long run.” Burks also predicted a major geopolitical realignment that would affect trade, alliances, and financial markets, similar to the conditions before World War II.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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