itcoin appears to be gaining traction as a possible safe-haven asset, according to analysis from NYDIG. The digital asset investment firm points to signs of a shift in how Bitcoin reacts during financial turbulence, especially as markets continue to respond to recent policy moves by former President Donald Trump.
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Greg Cipolaro, NYDIG’s global head of research, notes that Bitcoin showed early signs of separating from traditional markets such as US equities, Treasuries, and the dollar over the past week. While the decoupling is still in its early stages, he highlights that it could mark a meaningful shift for how investors view Bitcoin during times of geopolitical or economic stress.
“Geopolitical tensions, including tariffs, remain topical (despite Trump walking back many of them), but political pressure from Trump on Fed Chair Powell, and even speculation about his potential dismissal that added to market unease. In many ways, this is exactly the kind of environment where Bitcoin should shine,” Cipolaro said.
Despite this emerging trend, NYDIG has not yet seen strong confirmation in the long-term data. Cipolaro points out that their 90-day rolling correlation measure still shows Bitcoin moving in closer alignment with US equities. However, he believes there is a growing shift visible to those closely watching the crypto market.
He also argues that traditional safe-haven assets like the US dollar and Treasuries have weakened in the eyes of many investors. In contrast, Bitcoin may be filling that void.
“What is interesting to us is that since ‘Liberation Day’ on April 2nd, a new picture of haven assets is starting to emerge, one which includes bitcoin. Bitcoin has acted less like a liquid levered version of levered US equity beta and more like the non-sovereign issued store of value that it is,” he added.
Bitcoin is currently trading at $94,340 according to CoinMarketCap data