Bitcoin (BTC), the first and most well-known cryptocurrency, is often compared to traditional financial markets such as the stock or commodities market. Its uniqueness lies in its decentralized nature, allowing it to avoid intermediaries like banks. However, the question of whether BTC is an independent asset or whether it correlates with the markets remains relevant.
Recent data shows that the correlation of BTC with the markets, particularly with the S&P 500 index, is unstable. In periods of economic uncertainty, such as in 2020, BTC often moved in sync with stocks, which contradicts the idea of it being a 'safe haven.' However, in 2025, a partial decoupling is observed: when markets fell, BTC remained stable or increased, indicating a rise in its role as an alternative asset.
The price of BTC on April 24, 2025, is about $92,563, with a market capitalization of $1.85 trillion. Volatility remains high, but limited supply (21 million coins) and interest from institutional investors like MicroStrategy support its growth.
BTC continues to spark discussions: for some, it is a speculative asset, for others – a hedge against inflation. Its future will depend on macroeconomic factors and regulation, but its impact on the markets is undeniable.