Bitcoin started working as a value store during times of “opposition in American risks”, which represents a possible transformation in its relationship with traditional assets, according to the New York Digital Investment Group group.
Bitcoin (BTC) felt “significantly different” during the trading week on April 25, NYDIG GREG CIPOLARO Research He said In the April 25 market Note.
He added: “We have experienced hidden seizures in their behavior during the past few weeks.” “The separation of traditional risk assets remains very early and fragile, but for those who see encryption markets around the clock throughout the week, the shift is clear.”
“Bitcoin has less like a liquid version of Beta Beta, and more like the indirectly released store.”
Cipolaro pointed out that Bitcoin has gained more than 13 % since the beginning of April, while US markets such as S&P 500 and NASDAQ technology decreased amid international trade tensions due to US President Donald Trump’s tariff.
He added that the US dollar and the US Treasury Secretary in the long run have weakened performance since the elections and “Tahrir Day” tariff advertisements in Trump, which brought each country at different rates, which is the minimum is 10 %.
Sibolaro said that gold and currencies, such as the Swiss franc, were constantly winning as safe havens, noting that Bitcoin appears as a valuable sovereign store.
Amid increasing fluctuations in stocks, measured by the Vix index, foreign exchange rates (CVIX), interest rates and bonds (Move index), investors were looking for these safe haven assets.
Cibolaro said that investors are also looking for alternatives to American domination, whether they are stocks, bonds, forex or goods.
A few large liquid options
However, Sebolaro said that investors looking for alternatives outside the traditional financial systems have large and liquid options.
Gold remains about $ 22 trillion, while Bitcoin has a small part of this for $ 1.8 trillion.
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In addition, Bitcoin is the only listed encryption assets that have been included “focusing only on cash or store for value use cases”, while others are better described as fuel for decentralized applications.
Cipolaro concluded that despite the recent Bitcoin gains, “there are few signs of a high market temperature,” and the recovery remains in the early stages.
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