Bitcoin Gains 2% as Safe-Haven Asset Amid Trump's Tariff Turmoil

Bitcoin (BTC) is increasingly being recognized as a safe-haven asset amidst the financial turmoil caused by President Donald Trump’s tariff policies, according to the digital asset investment management firm NYDIG.

Greg Cipolaro, the global head of research at NYDIG, highlights in a recent analysis that Bitcoin has shown signs of decoupling from equities, US Treasuries, and the dollar over the past week. This decoupling is particularly notable given the geopolitical tensions and political pressures that have added to market unease. Cipolaro notes that the environment created by these factors is precisely the kind where Bitcoin should thrive.

However, Cipolaro cautions that this decoupling is still in its early stages and remains fragile. While those closely monitoring crypto markets may perceive a shift, there is yet to be confirmation in the data. The preferred correlation measure used by NYDIG, a 90-day rolling window, currently indicates rising correlations between Bitcoin and US equities.

Cipolaro argues that the wavering faith in US policy choices has diminished the status of the US dollar and US Treasuries as safe-haven assets. Since what NYDIG refers to as ‘Liberation Day’ on April 2nd, a new picture of haven assets is starting to emerge, one which includes Bitcoin. Bitcoin has begun to act less like a levered version of US equity beta and more like the non-sovereign issued store of value that it is.

Bitcoin is currently trading at $95,205, with the top-ranked crypto asset by market cap experiencing a more than 2% increase in the past 24 hours. This trend suggests that Bitcoin is gaining traction as a safe-haven asset, particularly in times of geopolitical uncertainty and market volatility.