Is Bitcoin stealing the gold hedging race?

In a volatile economic scene, it seemed that U.S. President Donald Trump had taken a step back, granting markets a temporary truce in his struggle with China after a wave of tariff escalation that caused massive losses and shook investors' confidence.

With the dollar fluctuating and U.S. bonds declining, gold has returned to shine, but the surprise was Bitcoin soaring strongly, surpassing the gains of traditional assets.. So, is gold losing its luster in favor of cryptocurrencies? And have the latter become a new haven in a rapidly changing world? A question posed by markets amid growing doubts about the stability of the global financial system.

Since April 2nd, Trump has escalated his rhetoric against China, raising tariffs on its goods to record levels, reaching in some cases up to 245 percent.

This step raised concerns among investors, who rushed to divest from U.S. assets, leading to a whirlwind of volatility and losses estimated at around 5 trillion dollars.