April has been a month of extreme instability and deadly time for traders.
From the conflicting headlines about President Donald Trump’s tariff to the total confusion about tariffs against other countries, which assets have to look for shelter, it has been one for record books.
Amidst all confusion, when traditional “Heaven Assets” failed to act as safe places to park money, a bright place emerged that may have surprised some market participants: bitcoin.
Nydig Research said in a note, “Historically, Cash (The US Dollar), Bonds (US Treasury), Swiss Frank and Gold have completed that role (Safe Heaven).”
NYDIG data has shown that while Gold and Swiss France were consistently safe-heaven winners, as ‘Liberation Day’-when President Trump announced Tariff Hike on 2 April, the market has been linked to the list while kicking excessive volatility in the market.
“Bitcoin has done less work like a liquid liver version of Leverd US Equity Beta and non-Sovereen released the value of the price,” Nydig has written.
Zoom out, it seems that as “SAIL America” trading gains, investors are notice of bitcoin and the original promise of the largest cryptocurrency.
“Although the connection is still temporary, bitcoin appears to fulfill its original promise as a non-perfect store, designed to flourish in time like these,” Nydig said.
Read more: Gold and Bonds’ safe haven can be disappeared with aloor bitcoin emerging
