{"id":128086,"date":"2025-04-28T04:15:27","date_gmt":"2025-04-28T04:15:27","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128086"},"modified":"2025-04-28T04:15:27","modified_gmt":"2025-04-28T04:15:27","slug":"bitcoin-acts-like-store-of-value-that-it-is-amid-trump-policy-chaos-nydig","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128086","title":{"rendered":"Bitcoin acts like \u2018store of value that it is\u2019 amid Trump policy chaos: NYDIG"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin is starting to act as a store of value during times of \u201cUS-risk-off\u201d sentiment, marking a potential shift in its relationship with traditional assets, according to the New York Digital Investment Group.<br \/>\nBitcoin (BTC) felt \u201cnoticeably different\u201d over the trading week ended April 25, NYDIG\u2019s global head of research Greg Cipolaro said in an April 25 market note.\u00a0<br \/>\n\u201cWe\u2019ve been observing subtle shifts in its behavior over the past few weeks,\u201d he added. \u201cThe decoupling from traditional risk assets is still very early and fragile, but for those watching crypto markets 24\/7, the shift is palpable.\u201d<br \/>\n\u201cBitcoin has acted less like a liquid levered version of levered US equity beta and more like the non-sovereign issued store of value that it is.\u201d<br \/>\nCipolaro noted that Bitcoin has gained more than 13% since the beginning of April, while US markets such as the S&amp;P 500 and tech-heavy Nasdaq have declined amid escalating global trade tensions due to US President Donald Trump\u2019s tariffs.<br \/>\nHe added that the US dollar and long-term US Treasurys have also underperformed since the election and Trump\u2019s April 2 \u201cLiberation Day\u201d tariff announcements, which lumped every country with various rates, the minimum being 10%.<br \/>\nGold and currencies such as the Swiss franc have been consistent winners as safe havens, Cipolaro said, noting that Bitcoin is emerging as a non-sovereign store of value.<br \/>\nAmid surging volatility in equities, measured with the VIX index, foreign exchange rates (CVIX index), and interest rates and bonds (MOVE index), investors have been on the hunt for these safe haven assets.\u00a0<br \/>\nSeveral asset classes have recently seen high volatility. Source: NYDIGCipolaro said investors are also seeking alternatives to US hegemony, whether that is stocks, bonds, forex, or commodities.\u00a0<br \/>\nFew large liquid options<br \/>\nHowever, Cipolaro said investors seeking alternatives outside traditional financial systems have few large, liquid options.<br \/>\nGold remains the largest non-sovereign store of value at around a $22 trillion market cap, while Bitcoin has just a fraction of that at $1.8 trillion.\u00a0<br \/>\nRelated: New Bitcoin price all-time highs could occur in May \u2014 Here is why<br \/>\nAdditionally, Bitcoin is the only top crypto asset listed that \u201csolely focuses on monetary or store of value use cases,\u201d while the others are better described as the fuel for decentralized application platforms, he said.\u00a0<br \/>\nCipolaro concluded that despite Bitcoin\u2019s recent gains, \u201cthere are few signs of the market overheating,\u201d and the recovery is still in early stages.<br \/>\nMagazine: Bitcoin $100K hopes on ice, SBF\u2019s mysterious prison move: Hodler\u2019s Digest<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-acts-store-of-value-amid-trump-policy-chaos-nydig?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin is starting to act as a store of value during times of \u201cUS-risk-off\u201d sentiment, marking a potential shift in its relationship with traditional assets, according to the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128086"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128086"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128086\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128086"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}