Bitcoin acts as 'the store of value that it is' amid Trump’s political chaos: NYDIG

The dissociation of Bitcoin from traditional risk assets 'is still very early and fragile,' but the change is 'palpable,' says Greg Cipolaro from NYDIG.

Bitcoin is starting to act as a store of value during times of U.S. risk-off sentiment, marking a possible shift in its relationship with traditional assets, according to the New York Digital Investment Group.

showed a 'remarkably different' behavior during the trading week ending April 25, said Greg Cipolaro, global head of research at NYDIG, in a market note dated April 25.

🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨

“We have observed subtle changes in its behavior over the past few weeks,” he added. “The decoupling of traditional risk assets is still very early and fragile, but for those tracking the crypto markets 24/7, the change is noticeable.”🔥🔥

“Bitcoin has been behaving less like a leveraged and liquid version of the beta of U.S. stocks, and more like the non-sovereign store of value that it is.”

Cipolaro noted that Bitcoin has risen more than 13% since the beginning of April, while U.S. markets, such as the S&P 500 and the technology-focused Nasdaq, have fallen amid rising global trade tensions due to tariffs from U.S. President Donald Trump.🔥🔥🔥🔥

He added that the U.S. dollar and long-term U.S. Treasury bonds have also underperformed since the election and Trump’s tariff announcements on April 2, dubbed “Liberation Day,” which imposed tariffs of at least 10% on all countries.#XRPETFs

Gold and currencies like the Swiss franc have been consistent winners as safe havens, Cipolaro said, noting that Bitcoin is emerging as a non-sovereign store of value.

Amid growing volatility in the stock markets, measured by the VIX (stocks), CVIX (currency), and MOVE (interest rates and bonds) indices, investors have been seeking these safe-haven assets.#BinanceAlphaAlert $BTC