Bitcoin
Roger Ver Supporters Call for Clemency after Ulbricht’s Pardon

Elon Musk, who leads President Donald Trump’s Department of Government Efficiency (D.O.G.E), has committed to exploring the pardon of ‘Bitcoin Jesus’ Roger Ver.
It comes after US President Trump recently granted Ross Ulbricht, the founder of the Silk Road, clemency.
Elon Musk to “Inquire” on Roger Ver’s Pardon
Ross Ulbricht’s presidential pardon has ignited a spirited online campaign for the pardon of Roger Ver, another high-profile figure in the crypto arena. As BeInCrypto reported, Ulbricht’s full and unconditional pardon on Tuesday was widely celebrated. Trump called his previous sentence of two life terms “ridiculous.”
Amid the celebratory discussions, however, attention quickly shifted to Bitcoin Jesus. Ray Youssef, an executive at the crypto platform Noonesapp, was among the first to call for Ver’s release.
“Ross is free. A full unconditional pardon has been signed. Thank God. Don’t forget Roger Ver and all the builders who have been through hell,” Youssef said.
Roger Ver was a vocal proponent of Bitcoin Cash and an early adopter of cryptocurrency. He faced legal troubles over tax evasion allegations. Nine months ago, US authorities accused Ver of owing $48 million in taxes, allegedly stemming from his expatriation process.
Ver challenged these charges two months ago, asserting that he relied on expert advice to ensure compliance with the law. His defense also cited constitutional violations, including claims that privileged communications with his legal team were subpoenaed. Critics have argued that this represents overreach and a troubling precedent for attorney-client privilege.
“Please look into a pardon for Roger Ver. That privileged communications with his lawyers were subpoenaed is a terrible precedent for privacy and the ability to defend oneself,” said Naomi Brockwell, founder of Ludlow Institute.
They also say potentially exculpatory evidence was withheld during grand jury proceedings. Meanwhile. Angela McArdle, chair of the Libertarian National Committee, also expressed her support for Ver’s release. Following these calls, Elon Musk said he would inquire about it.
“Will inquire,” Musk tweeted.
Ver’s supporters argue that a pardon would correct a perceived injustice and reinforce the principles of privacy and due process. The parallels with Ulbricht’s case highlight the dangers of excessive sentencing and systemic government overreach. Taken together, these have strengthened the calls for Ver’s pardon.
Elon Musk’s acknowledgment of the issue has brought renewed attention to the case, potentially amplifying the push for clemency. Many hope that his platform, D.O.G.E, and influence will pressure leaders to address what they see as an unjust precedent. This is amidst a broader campaign for freedoms essential to innovation and prosperity in the cryptocurrency space.
“Roger Ver deserves a pardon to liberate him from the malicious prosecution he still faces–lawfare that threatens to take his freedom for 109 years for an exotic crime he *clearly* did not commit. Pardoning Roger is the strongest signal the President could send that Biden’s war on crypto is over. Please, President Trump, Free Roger Ver,” Bret Weinstein lamented.
Meanwhile, others see Bitcoin Jesus’ case as emblematic of the tension between individual liberties and state power.
“Also (preemptively) Roman Storm while you’re at it please Elon Musk. Publishing open-source privacy tools is an act of free speech — not an act in furtherance of a conspiracy. Whatever crimes committed with the software — developers should not be held vicariously liable for them,” another user added.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Tokenized Gold Market Cap Tops $1.2 Billion as Gold Prices Surge

The market cap of tokenized gold has surpassed $1.2 billion, driven by soaring gold prices and a growing appetite for blockchain-based assets.
Rising interest in tokenized gold is part of a broader movement to modernize storage, trading, and utilization in financial markets.
Gold Meets Blockchain Amid Tokenization Revolution
Gold price has reached historic highs above $3,000 per ounce. With this surge, digital representations of precious metals, such as Tether Gold (XAUT) and Paxos Gold (PAXG), capture investor interest.

Don Tapscott, co-founder of Blockchain Research Institute, argues that tokenized gold could transform the $13 trillion gold market by bringing transparency, liquidity, and new financial models.
Based on this assumption, he questioned why gold is still stored in vaults as it was in the 1800s. Meanwhile, assets like Bitcoin (BTC) and stablecoins have gone digital. He believes blockchain technology can revolutionize gold’s role in finance.
“The US government could even tokenize its gold reserves, track them immutably, and use them in innovative ways,” Tapscott explained.
He stated that such an outcome would enable fractional ownership, on-chain verification, and increased accessibility to investors worldwide.
Meanwhile, companies such as Paxos and Tether lead the charge in tokenized gold offerings. Paxos holds a 51.74% market share, while Tether’s holdings follow closely behind at 46.69%.

Publicly listed Matador Technologies is taking a unique approach by tokenizing gold on the Bitcoin blockchain. This offers investors a digital claim on both physical gold and limited-edition digital art.
“We believe that the next generation of financial powerhouses will likely emerge from the tokenization revolution. It’s still early, and the playing field is wide open. Matador and others have the bull by the horns,” Tapscott noted in a recent article.
Gold Tokenization in the US: A Bold Policy Shift?
The momentum behind tokenized gold has also reached the US government. Following President Trump’s March 5 executive order to establish a Strategic Bitcoin Reserve (SBR), policymakers are exploring ways to modernize gold holdings.
Treasury Secretary Scott Bessent has indicated that the US will move to “monetize its assets,” leading some to speculate that Fort Knox gold could be tokenized.
“US Treasury Secretary Scott Bessent says, all the GOLD is there, as he has no plans to visit Fort Knox or to revalue GOLD reserves in a sovereign wealth fund. He speaks on “Bloomberg Surveillance,” Erik Yeung noted.
Senator Cynthia Lummis has also proposed swapping some of the US government’s gold reserves for Bitcoin. US gold reserves are held at a book value of $42 per ounce—unchanged since 1973—despite the market price exceeding $3,000 per ounce.
While the US explores tokenization, geopolitical rivals China and Russia may take an even bolder step—launching a gold-backed stablecoin. Bitcoin maximalist Max Keiser recently highlighted BRICS’ plans to introduce a gold-backed stablecoin.
“The BRICS, principally Russia, China & India, will counter any attempt by the US to introduce a hegemonic, USD-backed stablecoin — with a Gold-backed stablecoin. The majority of the global market will favor a Gold-backed coin since it’s inflation-proof (unlike the USD) and doesn’t boost unwelcome US hegemony. India already runs on a defacto Gold standard and Sharia law in Muslim countries would dictate Gold over a USD riba-coin as well. To be clear, a BTC-backed stablecoin is not fit for purpose due to volatility,” Keiser stated.
Further, Keiser suggested that a stablecoin backed by gold would outcompete USD-backed stablecoins in global markets. He argues that gold is more trusted than the US dollar, tracks inflation effectively, and remains minimally volatile compared to Bitcoin’s price swings.
Russia’s recent rejection of Bitcoin for its National Wealth Fund in favor of gold and the Chinese yuan adds weight to this theory.
With an estimated 50,000 tonnes of combined gold reserves, China and Russia could leverage blockchain technology to introduce a new gold-backed digital asset. Such an action would challenge the US dollar’s dominance in global trade.
Gold vs. Bitcoin: The Safe Haven Debate Intensifies
Gold’s record-breaking rally has reignited debates over its role as a safe-haven asset compared to Bitcoin. Some analysts speculate that Bitcoin could soon follow gold’s trajectory, setting new all-time highs.
However, in economic uncertainty and President Trump’s 2025 tariff policies, gold remains the preferred safe-haven asset. Historically, gold has been the go-to store of value during trade wars and inflationary periods. Meanwhile, Bitcoin’s volatility raises concerns for risk-averse investors.
Despite these differences, the rise of tokenized gold highlights a convergence between traditional and digital finance. As financial markets advance and investors rebalance their portfolios, gold and Bitcoin will likely coexist in a contemporary monetary system.
Whether through tokenization, gold-backed stablecoins, or government-led blockchain initiatives, the financial playing field is shifting.
As traditional institutions increasingly adopt blockchain, the stage is set for transforming how the world perceives, trades, and stores gold relative to Bitcoin.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Institutional Risk Aversion Drives $218 Million Bitcoin ETF Outflows

Bitcoin ETFs (exchange-traded funds) continue to record negative flows this week as President Trump’s Liberation Day countdown continues.
Sentiment is cautious across crypto markets, with traders and investors adopting a wait-and-see approach.
Bitcoin ETF See Outflows Amid Investor Caution
Data on Farside Investors shows two consecutive days of net outflows for Bitcoin ETFs since Monday. Financial instruments from Bitwise (BITB), Ark Invest (ARKB), and WisdomTree (BTCW) were in the frontline for Monday’s $60.6 million outflows, with only BlackRock’s IBIT seeing positive flows.
Meanwhile, Tuesday saw even more outflows, approaching $158 million, with Bitwise and Ark Invest leading the charge. Then, on April 1, BlackRock’s IBIT recorded zero flows. Meanwhile, Ethereum ETFs recorded net outflows of $3.6 million, data on Farside shows. This suggests a cautious sentiment among institutional investors.
“The Spot Bitcoin ETFs saw $157.8 million outflow yesterday. The Spot Ethereum ETFs saw a $3.6 million outflow. Institutions are reducing risk ahead of today’s tariff announcement,” analyst Crypto Rover noted.

Indeed, sentiment suggests traders are exercising caution, choosing to remain in “wait-and-see” mode. The caution comes ahead of Trump’s Liberation Day announcement, which is due later in the day on April 2.
With POTUS poised to unveil sweeping new tariffs, traders and investors across financial playing fields wait to see the scope of an onslaught that could spark a global trade war. Specifically, there is generally very little information about the tariffs’ specifics, which creates uncertainty regarding their impact on the broader economy and the crypto market.
“The White House has not reached a firm decision on their tariff plan,” Bloomberg reported, citing people close to the matter.
Despite the lack of clarity, it is understandable why investors would be cautious considering the impact of previous tariff announcements on Bitcoin price. Meanwhile, analysts predict extreme market volatility, with potential stock and crypto crashes reaching 10-15% if Trump enforces broad tariffs.
“April 2nd is similar to election night. It is the biggest event of the year by an order of magnitude. 10x more important than any FOMC, which is a lot. And anything can happen,” economic analyst Alex Krüger predicted.
While sentiment is cautious in the crypto market, some investors are channeling toward gold as a safe haven. A Bank of America survey showed that 58% of fund managers prefer gold as a trade war safe haven, while only 3% back Bitcoin.
These findings came as institutional investors cite Bitcoin’s volatility and limited crisis-time liquidity as key barriers to its safe-haven adoption. Trade tensions have historically driven capital into safe-haven assets.
With Trump’s Liberation Day announcement looming, investors preemptively position themselves again, favoring gold over Bitcoin.
Nevertheless, despite Bitcoin’s struggle to capture institutional safe-haven flows, its long-term narrative remains intact. This is seen with Bitcoin supply on exchanges dropping to just 7.53%, the lowest since February 2018.

When an asset’s supply on exchanges reduces, investors are unwilling to sell, suggesting strong long-term holder confidence.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Bitcoin Could Serve as Inflation Hedge or Tech Stock, Say Experts

Bitcoin may be a useful hedge against inflation in the near future as market uncertainty is growing. In the long run, it may also be useful to envision Bitcoin differently, treating it as a barometer for the tech industry.
Standard Chartered’s Head of Digital Assets Research and WeFi’s Head of Growth both shared exclusive comments with BeInCrypto regarding this topic.
Bitcoin: Inflation Hedge or Magnificent 7 Candidate?
Since the early days of the crypto space, investors have been using it as a hedge against inflation. However, it’s only recently that institutional investors are beginning to treat it the same way. According to Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, the trend of Bitcoin as an inflation hedge is increasing.
Still, this view may be too narrow in a few ways. Since the Bitcoin ETFs were first approved, BTC has been increasingly well-integrated with traditional finance. Kendrick noted this, saying that it is highly correlated with the NASDAQ in the short term. He claimed that Bitcoin might represent more than an inflation hedge, instead serving as an ersatz tech stock:
“BTC may be better viewed as a tech stock than as a hedge against TradFi issues. If we create a hypothetical index where we add BTC to the ‘Magnificent 7’ tech stocks, and remove Tesla, We find that our index, ‘Mag 7B’, has both higher returns and lower volatility than Mag 7,” Kendrick said in an exclusive interview with BeInCrypto.
This comparison is particularly apt for a few reasons. Tesla’s stock price is heavily entangled with Bitcoin, but it’s also been dropping due to political controversies. If Bitcoin were to replace Tesla’s position in the Magnificent 7, it may be a welcome addition. Of course, there is currently no mechanism to cleanly treat Bitcoin as a similar type of product. That could change.
However, Bitcoin’s role as an inflation hedge might be more immediately relevant. As Trump’s Liberation Day approaches, the crypto markets are becoming increasingly nervous about new US tariffs. As Agne Linge, Head of Growth at WeFi, said in an exclusive interview, these fears are impacting all risk-on assets, Bitcoin included.
“Crypto markets are closely tracking investor sentiment ahead of Trump’s…tariff announcement, with growing concerns over the potential economic impact. Bitcoin’s increasing correlation with traditional markets has amplified its exposure to broader macroeconomic trends, making it more sensitive to the risk-off sentiment that has affected equity markets,” Linge claimed.
She went on to state that US economic uncertainty was at record levels, surpassing both the 2008 financial crisis and the pandemic in April 2020. In these circumstances, recent inflation indicators are showing expected rates above expectations.
In such an environment, the crypto market is sure to take a hit, but traditional finance and the dollar is also in great jeopardy. All that is to say, Bitcoin is likely to be a solid inflation hedge in the near future. Even if it falls dramatically, it has worldwide appeal and the ability to rebound.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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