Bitcoin Acting as Both Risky Asset and Hedge

Dow Jones

1 hour ago

1009 GMT - Bitcoin is increasingly trading as both a risk-sensitive asset and a hedge against fiscal and monetary policy uncertainty, Zaye Capital Markets analyst Naeem Aslam says in a note. President Trump's comments about tariffs, Iran and larger household tax refunds reinforce broader concerns about inflation, government borrowing and geopolitical risk, he says. Those forces can support bitcoin's longer-term "hard asset" narrative. However, continued gains in bitcoin require real spot buying rather than forced liquidations once crowded bets on the cryptocurrency falling are exhausted, he says. "That makes institutional flows, regulatory progress and Treasury-market conditions more important than simply tracking momentum." Bitcoin rises 1.5% to $77,406 after reaching a three-month high of $79,455 on Friday, LSEG data show.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/2661220352"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2661220352\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2661220352?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-24 18:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2661220352","market":"sg","top_or_hot":-1,"title":"Bitcoin Acting as Both Risky Asset and Hedge","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>1009 GMT - Bitcoin is increasingly trading as both a risk-sensitive asset and a hedge against fiscal and monetary policy uncertainty, Zaye Capital Markets analyst Naeem Aslam says in a note. President Trump's comments about tariffs, Iran and larger household tax refunds reinforce broader concerns about inflation, government borrowing and geopolitical risk, he says. Those forces can support bitcoin's longer-term \"hard asset\" narrative. However, continued gains in bitcoin require real spot buying rather than forced liquidations once crowded bets on the cryptocurrency falling are exhausted, he says. \"That makes institutional flows, regulatory progress and Treasury-market conditions more important than simply tracking momentum.\" Bitcoin rises 1.5% to $77,406 after reaching a three-month high of $79,455 on Friday, LSEG data show.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Acting as Both Risky Asset and Hedge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Acting as Both Risky Asset and Hedge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-08-24 18:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>1009 GMT - Bitcoin is increasingly trading as both a risk-sensitive asset and a hedge against fiscal and monetary policy uncertainty, Zaye Capital Markets analyst Naeem Aslam says in a note. President Trump's comments about tariffs, Iran and larger household tax refunds reinforce broader concerns about inflation, government borrowing and geopolitical risk, he says. Those forces can support bitcoin's longer-term \"hard asset\" narrative. However, continued gains in bitcoin require real spot buying rather than forced liquidations once crowded bets on the cryptocurrency falling are exhausted, he says. \"That makes institutional flows, regulatory progress and Treasury-market conditions more important than simply tracking momentum.\" Bitcoin rises 1.5% to $77,406 after reaching a three-month high of $79,455 on Friday, LSEG data show.</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTC","symbol_name":"Grayscale Bitcoin Mini Trust","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2661220352","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2661220352","pubTimestamp":1787566140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1009 GMT - Bitcoin is increasingly trading as both a risk-sensitive asset and a hedge against fiscal and monetary policy uncertainty, Zaye Capital Markets analyst Naeem Aslam says in a note. President Trump's comments about tariffs, Iran and larger household tax refunds reinforce broader concerns about inflation, government borrowing and geopolitical risk, he says. Those forces can support bitcoin's longer-term \"hard asset\" narrative. However, continued gains in bitcoin require real spot buying rather than forced liquidations once crowded bets on the cryptocurrency falling are exhausted, he says. \"That makes institutional flows, regulatory progress and Treasury-market conditions more important than simply tracking momentum.\" Bitcoin rises 1.5% to $77,406 after reaching a three-month high of $79,455 on Friday, LSEG data show.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BTC":"Grayscale Bitcoin Mini Trust","BETE":"等权重比特币&以太币期货ETF-ProShares","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","EZBC":"比特币ETF-Franklin","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","BTCC":"Grayscale Bitcoin Covered Call ETF","BETH":"比特币&以太币期货ETF-ProShares","BITI":"1倍做空比特币期货ETF-Proshares","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BITO":"比特币期货ETF-ProShares","BTCI":"NEOS Bitcoin High Income ETF","BTF":"比特币&以太币期货ETF-CoinShares","BRRR":"比特币ETF-CoinShares","MAXI":"比特币期货ETF-Simplify","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","BPI":"Grayscale Bitcoin Premium Income ETF","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","ARKB":"比特币ETF-21Shares","MNRS":"GRAYSCALE BITCOIN MINERS ETF","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","BTCO":"比特币ETF-Invesco Galaxy","BITU":"2倍做多比特币期货ETF-Proshares","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","HODL":"比特币ETF-VanEck","GBTC":"比特币ETF-Grayscale","DEFI":"比特币期货ETF-Hashdex","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","BITX":"2倍比特币期货ETF-Volatility Shares","BCCC":"Global X Bitcoin Covered Call ETF","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","BTRN":"比特币期货ETF-Global X","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BTCW":"比特币ETF-Wisdom Tree","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","YBTC":"比特币看涨期权ETF-Roundhill","IBIT":"比特币ETF-iShares","SBIT":"2倍做空比特币期货ETF-Proshares","BITB":"比特币ETF-Bitwise","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","FBTC":"比特币ETF-Fidelity"},"translate_title":"比特币既是风险资产又是套期保值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBTC":0.6,"BITO":0.6,"BTC":0.6,"CBTO":0.6,"FBTC":0.6,"BAGY":0.6,"BTCC":0.6,"BFJL":0.6,"CBXY":0.6,"BTCO":0.6,"BTCL":0.6,"CBXO":0.6,"BPI":0.6,"HODL":0.6,"XBTY":0.6,"BRRR":0.6,"BTRN":0.6,"BFAP":0.6,"CBTJ":0.6,"BETH":0.6,"CBXJ":0.6,"CBTA":0.6,"ARKB":0.6,"SBIT":0.6,"BITU":0.6,"BITI":0.6,"MNRS":0.6,"QBF":0.6,"CBOA":0.6,"DEFI":0.6,"CBXA":0.6,"BITB":0.6,"CBOY":0.6,"BTCZ":0.6,"BTF":0.6,"BETE":0.6,"EZBC":0.6,"CBTY":0.6,"YBTC":0.6,"BTCW":0.6,"IBIT":0.6,"CBOO":0.6,"BITX":0.6,"DFII":0.6,"MAXI":0.6,"BTCI":0.6,"CBOJ":0.6,"BCCC":0.6,"BITY":0.6},"content_text":"1009 GMT - Bitcoin is increasingly trading as both a risk-sensitive asset and a hedge against fiscal and monetary policy uncertainty, Zaye Capital Markets analyst Naeem Aslam says in a note. President Trump's comments about tariffs, Iran and larger household tax refunds reinforce broader concerns about inflation, government borrowing and geopolitical risk, he says. Those forces can support bitcoin's longer-term \"hard asset\" narrative. However, continued gains in bitcoin require real spot buying rather than forced liquidations once crowded bets on the cryptocurrency falling are exhausted, he says. \"That makes institutional flows, regulatory progress and Treasury-market conditions more important than simply tracking momentum.\" Bitcoin rises 1.5% to $77,406 after reaching a three-month high of $79,455 on Friday, LSEG data show.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}