$BTC Has outperformed stocks since "Liberation" / Tariff Day on the 2nd of April.

It held up incredibly strong during a sharp sell off on stocks in April.

It then also proceeded to outperform as the markets bounced and tariffs were implemented.

Back then people were wondering if a reason for the relative strength could have been the narrative that countries could potentially be using $BTC to bypass tariffs.

With a potential US & China Trade "Deal" teased/announced today we could be seeing the answer to this question.

Theoretically speaking, if the trade uncertainty was what was making BTC outperform, it should stop outperforming after we hit the most important deal which includes China.

If BTC keeps doing its thing and just keeps outperforming it's safe to assume that tariffs likely have little direct impact on how BTC is treated/used.