Bitcoin has indeed become a top-performing asset recently. According to Finnhub, as of May 6, 2025, Bitcoin's current price is $93,856.60 with a market cap of $1.90 trillion. Its recent performance can be attributed to its growing recognition as a store of value and safe-haven asset, especially amid global uncertainties like the announced global tariff plan.
*Key Features of Bitcoin as a Safe-Haven Asset:*
- *Limited Supply*: Bitcoin's total supply is capped at 21 million units, establishing scarcity and potential long-term value.
- *Decentralization*: Bitcoin operates independently of central authorities, making it appealing to investors seeking autonomy.
- *High Liquidity*: Bitcoin can be easily converted into cash, meeting a key criterion for safe-haven assets.
- *Resilience*: Despite volatility, Bitcoin has shown a consistently upward trajectory over time.
*Recent Performance:*
- Bitcoin has increased by 13.2% over the past 30 days, outperforming traditional safe-haven assets.
- Its performance surpasses that of gold and bonds, making it a standout in the market's transformation .
*Other Bitcoin-Related Assets:*
- *IShares Bitcoin Trust ETF (IBIT)*: Current price is $53.63.
- *Bitcoin Cash (BCH)*: Current price is $353.10.
- *Wrapped Bitcoin (WBTC)*: Current price is $93,826.85 .
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