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đ Is Bitcoin Becoming A Safe Haven Asset?
Ray Dalio's warning could be bullish for Bitcoin - under one condition.
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Happy Monday!
Bitcoin may stand to benefit if Ray Dalioâs prediction that âsomething worse than a recessionâ could be in store for the United States comes true. Hereâs what to expect.
Michael Saylorâs Strategy has done it again and purchased another batch of Bitcoin. Hereâs how much it bought this time.
Plus, donât face extreme market conditions unprepared. Get the professional edge with Benzinga Pro's exclusive alerts, news advantage and volatility tools at 60% off.
TOP STORY
Bitcoin could emerge as a critical financial alternative if Ray Dalioâs warnings about a breakdown of the monetary order materialize, though the cryptocurrency would likely face extreme volatility before potentially establishing itself as a safe-haven asset.
Dalio warned on Sunday on NBCâs âMeet the Pressâ that the United States is very close to a recession and potentially faces âsomething worse than a recession if this isnât handled well.â
So, what could this mean for Bitcoin if it comes true?
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QUICK N DIRTY
OM crashed 90% overnight, putting even the worst memecoin crashes to shame: what happened to the real-world asset coin?
Dogecoin had a solid week last week, but it still underperformed this coin, which put in a 134% rally: can you guess which one it was?
Stablecoins are the U.S. dollarâs overlooked advantage, according to Tetherâs CEO: why does he think that?
FINTECH FOCUS
Bitcoin treasury company Strategy has acquired an additional 3,459 BTC for approximately $285.8 million at an average price of $82,618 per Bitcoin.
This acquisition follows a brief pause in buying during the first week of April, when the company reported unrealized losses of $5.91 billion for Q1 after spending approximately $7.66 billion to acquire 80,715 BTC at an average price of around $94,922.
What is Strategy planning next?
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