Bitcoin's Stability Amid Market Volatility Raises Interest as Safe Haven Asset

According to PANews, recent market fluctuations caused by tariffs have left U.S. stocks unstable, while Bitcoin has maintained its stability. This has sparked interest among market participants regarding Bitcoin's potential as a safe haven asset. However, there remains a possibility of significant short-term declines, particularly due to risks associated with 'basis trading' in the U.S. Treasury market, which is facing increased volatility in bond prices. Analysts suggest that a potential surge in the $1 trillion U.S. Treasury basis trade could trigger a global cash scramble, leading to the sell-off of all assets, including Bitcoin. A similar situation occurred in mid-March 2020, when the basis trade volume reached $500 billion.