Bitcoin is gaining recognition as a safe-haven asset, especially following the market turmoil from Trump’s tariffs. NYDIG’s analysis reveals early signs of Bitcoin decoupling from traditional financial assets, despite needing further data confirmation. The cryptocurrency now appears to represent a different kind of haven asset since ‘Liberation Day’, trading at $95,205 with a recent uptick.
According to NYDIG, a prominent digital asset investment firm, Bitcoin is increasingly being viewed as a safe-haven asset. This shift comes on the heels of President Donald Trump’s tariff implementations, which have left many financial markets in disarray. NYDIG’s global research head, Greg Cipolaro, stated that Bitcoin has shown signs of decoupling from traditional assets such as equities, US Treasuries, and even the dollar over the past week.
Cipolaro elaborates that geopolitical issues, particularly pertaining to tariffs, continue to stress the markets. Despite Trump retracting some tariffs, his ongoing pressure on Federal Reserve Chair Jerome Powell—along with the speculation of Powell’s potential dismissal—has contributed to economic uncertainty. In this kind of tumultuous atmosphere, it is suggested, Bitcoin might flourish as a more secure investment.
However, it’s important to note that this separation from conventional risk assets is still in its early stages and could be fragile. For active traders and crypto enthusiasts, the signs of change are becoming more evident, but concrete data to affirm this trend is yet to be seen. Notably, NYDIG’s favoured correlation measure, which employs a 90-day rolling window, indicates an increase in correlation between Bitcoin and US equities.
Cipolaro also highlights an important development regarding the US dollar and US Treasuries, suggesting that the wavering trust in US policies is shifting perceptions of these assets as safe havens. He remarked that since what he termed ‘Liberation Day’ on April 2, Bitcoin is representing an emerging profile of haven assets. It appears less like a speculative asset mirroring US equity risks, and more like a non-sovereign store of value.
As of now, the price of Bitcoin holds steady at around $95,205 and has surged over 2% in the last 24 hours. The cryptocurrency remains the leading digital asset by market capitalisation, attracting heightened interest amid systemic market pressures.
