Bitcoin Joins Safe-Haven Assets Amid Turmoil, Surprising Investors
April has been a whirlwind of market turbulence, with traders navigating extreme volatility, from President Donald Trump’s tariff announcements to widespread uncertainty about which assets would provide shelter from the storm.
In a month marked by conflicting news and economic disruption, many investors turned to traditional safe-haven assets like gold, the Swiss Franc, and U.S. Treasuries. However, when these conventional assets faltered under pressure, a surprising refuge emerged: bitcoin.
“Historically, cash (the US dollar), bonds (US Treasuries), the Swiss Franc, and gold have been the go-to safe havens, but bitcoin is slowly claiming a share of that space,” NYDIG Research noted in a recent report.
NYDIG’s analysis revealed that while gold and the Swiss Franc had long been reliable safe-haven assets, the introduction of tariffs by President Trump on April 2—dubbed ‘Liberation Day’—marked a turning point. Since then, bitcoin has increasingly acted as a store of value in these uncertain times.
“Bitcoin is no longer behaving like a leveraged version of US equities; instead, it’s emerging as the non-sovereign store of value it was originally designed to be,” said NYDIG.
Looking at the broader picture, it seems that as the ‘sell America’ trade intensifies, investors are turning to bitcoin, recognizing its potential to fulfill its original promise.
“While the connection remains in its early stages, bitcoin appears to be living up to its role as a non-sovereign store of value, especially in turbulent periods like this,” NYDIG concluded.
