According to online reports, Greg Cipolaro, global research director at Digital Investment Group in New York (NYDIG), pointed out in a report on April 11 that although Trump's implementation of global tariff policies triggered market panic, the cryptocurrency market was relatively stable. He mentioned that cryptocurrency perpetual futures rates have been positive, Trump announced a surge in post-tariff liquidation but the total amount is not high, Bitcoin performed far better than other assets, and volatility has not risen to historical highs. Greg Cipolaro believes that investors may be increasingly inclined to find stores of value that are immune to trade turmoil, and the gap between Bitcoin's volatility and other assets has narrowed, making it more attractive to risk parity strategy funds. He analyzed that investors may be reducing their risk exposure, and allocating some assets to Bitcoin may be one of the reasons for their stable performance. Moreover, the allocation of Bitcoin by risk parity funds can help reduce volatility, enhance asset attractiveness, and form a virtuous cycle.