📈 Bitcoin outperformed gold and tech giants in April!
Since the beginning of the month, BTC has risen by 12%, surpassing gold and the shares of technology companies. Investors view it as an alternative hedge amid growing concerns about U.S. fiscal policy and institutional stability.
📉 Initially, tariff shocks caused a decline in the price of bitcoin along with other risky assets. However, soon the cryptocurrency diverged from the markets, sharply rising as long-term Treasury yields increased and investors sought protection from rising political risks.
🏦 In April, investors poured around $2.9 billion into Bitcoin exchange-traded funds listed in the U.S., marking a sharp turnaround compared to March and February, when net outflows from the funds totaled $811 million and $3.6 billion respectively.
🔮 A strategic reallocation of assets away from U.S. assets is expected to fuel the next rise of Bitcoin. The protective properties of bitcoin are becoming increasingly relevant as investors face a whole range of risks: from shocks in the private sector to threats from the public sector.