April has been a month of extreme volatility and swelling times for dealers.
From conflicting headlines about President Donald Trump’s tariffs against other nations to total confusion about which assets to seek shelter in, it has been one for the record books.
In the midst of all confusion, as traditional “garden assets” could not act as safe places to park money, a bright spot appeared that may have surprised some market participants: Bitcoin.
“Historically, cash (the US dollar), bonds (US Treasury), The Swiss Franc and Gold have fulfilled this role [safe haven]With Bitcoin that edited on some of this territory, “Newly Research said in a note.
Nydig’s data showed that while Gold and Swiss Franc had been consistent Safe-Haven winners when ‘Liberation Day’-Da President Trump announced sweeping customs walks on April 2 and started extreme volatility on the market-is Bitcoin added to the list.
“Bitcoin has traded less like a floating geared version of the Suppled US Equity Beta and more like the non-suitable store issued with value as it is,” wrote newly.
By zooming out, investors appear when the “Sell America” trade gets momentum, takes care of Bitcoin and the original promise of the biggest cryptocurrency.
“Although the connection is still tentative, Bitcoin seems to fulfill its original promise as a non-suitable store with value, designed to thrive in times like these,” added newly.
Read more: Gold and Bonds’ Safe Haven Allure can fade with Bitcoin -Entry
