(Reuters) - U.S. crypto stocks declined on Thursday after President Donald Trump's latest round of sweeping tariffs rattled investor confidence due to rising global trade tensions, sparking a sell-off in riskier assets.
In a sector packed with assets that arrive on Monday and hit zero by Thursday, Bitcoin (CRYPTO: BTC) stands on its own as a cryptocurrency that's practically guaranteed to survive and possibly even thrive over the long term. One of the core pillars of Bitcoin's long-term investment thesis is that it's designed to maintain its purchasing power relative to fiat currencies. Fiat currencies are issued by governments.