Although Bitcoin $BTC is often referred to as "digital gold", historically it has behaved more like a risk asset, following market fluctuations during times of instability. However, recent signs indicate a possible shift in this pattern.

Amidst the decline of stock markets and the intensification of trade tensions provoked by statements from former US President Donald Trump, BTC has appreciated, reigniting the debate about its role as a protective asset.

In recent days, while the S&P 500 and Nasdaq recorded sharp declines, Bitcoin rose about 12% in just four days, reaching $94,000, according to data from CoinGecko.