Canadian Crypto Observer

By Aditya Nain on April 28, 2025
Estimated reading time: 7 minutes

By Aditya Nain on April 28, 2025
Estimated reading time: 7 minutes

In the face of tariffs and economic uncertainty, is bitcoin a safe haven asset? Plus, gold vs. bitcoin, and Canada launches the world’s first Solana ETFs.

Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain offers perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.

Canadians (and the rest of the world) are living through the economic shock of a tariff war with the United States. Amidst the uncertainty, investors are seeking safe-haven assets. Is bitcoin (BTC) one of these?

Like gold, bitcoin is sometimes touted as a good asset to hold for a rainy day because its fundamentals are not controlled by any one country, company or other organization. The line of thinking is: because BTC is a global asset that isn’t created or controlled by one entity, it may be a good place to park your money during economic upheaval. That, however, doesn’t account for the volatility of crypto’s prices—for example, when BTC fell from about $84,500 to $74,000 (figures in U.S. dollars) between April 2 and 9, 2025.

While BTC may be a good alternative asset, don’t be in a hurry to sell all your stocks, bonds, gold or dollars in exchange for........

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