April 2 is a pivotal moment of global trade policy. US President Donald Trump called it a “day of liberation” regarding when a new tariff exceeding 20 percent has earned in more than 25 countries. According to the Wall Street Journal, the administration evaluates “extensive and high tariffs” beyond this initial wave, which means that April 2 is not the end of economic uncertainty.
The S & P 500 fell 3.5%, while the NASDAQ 100 slipped 5%, emphasizing investor anxiety, and the market responded negatively over the past week. At the same time, gold surged 4%, reaching more than $ 3,150 per ounce. Despite the recent inflation data rose from some key components, the 10 -year -old Treasury yield fell to 4.2%.
The market is often a classic signal of a risk -off environment before economic contraction.
Bitcoin (BTC) has dropped 6%over volatility. This is humble compared to historical volatility, but it suggests that if the role as a preliminary asset increases, it can change over time.
Bonds and gold are leading the flight to safety.
During the period of macro economy and designated scientific instability, investors generally strengthen the yield and seek historically stable assets. Reduction of returns in US government bonds and increasing gold prices signal increasing demand for these types of assets.
Gold has a noticeable moment. According to Bloomberg, gold funds have attracted more than $ 12 billion in net inflows over the past two months, the largest increase in capital to assets since 2020.
Gold funds are introduced monthly. Source: Bloomberg
Since the beginning of the year, the price of gold has risen almost +17%, while the S & P 500 has fallen by 5%. This shows the stiffness of the economy that has been identified by the rapid decrease in US consumer sentiment, which has a decrease of about 20 points to reach the level that is not seen since 2008. In March, 37.4%of Americans expect stock prices to fall up to 10 points in February and up to 10 points in November 2024.
As the Kobeissi letter said
“Economic slowdown has begun.”
Bitcoin: Digital Gold or Technology Proxy?
The MATRIXPORT chart shows that BLACKROCK’s Spot Bitcoin ETF (IBIT) is now 70% correlated with NASDAQ 100. This suggests that macro forces, like technology stocks, are forming short -term movements of Bitcoin.
IBIT BTC ETF vs. NASDAQ -30 days correlation. Source: Matrixport
ETF data supports this trend. According to CoingLass, SPOT BITCOIN ETFS has a week after a week’s inflow, and the Spot Bitcoin ETFS has a $ 93 million leak on March 28. The total Bitcoin ETP assets were reduced to $ 114.5 billion in 2025.
This number shows that Bitcoin is still more recognized as a speculative technology agent and has not yet entered a new stage of market behavior. But some signs of this potential transition are already clear.
relevant: The worst Q1 of BTC prices since 2018: 5 things to know in Bitcoin this week
Bitcoin is on the way to become a preliminary asset.
Structural changes are underway under volatility. The company is increasingly diversifying its balance table using Bitcoin and ETF.
According to Tipranks, 80.8%of BLACKROCK’s IBIT stocks are owned by public companies and individual investors. In February 2025, BLACKROCK integrated 1% to 2% of IBIT into target portfolios, reflecting increasing institutional adoption.
According to the data from Bitcointreasuries, the publicly listed companies currently have 665,618 BTC, and private companies have 424,130 BTC. Together, it is 1,089,748 BTC -5.5% of the total supply (excluding lost coins). This figure emphasizes that Bitcoin’s acceptance as a financial preparatory asset is increasing. Some experts also predict that holding a BTC will be a standard practice by the end of 10 years.
Elliot Chun, a partner of the crypto -centered M & A company architect, said in a blog post on March 28:
“By 2030, one quarter of the S & P 500 is expected to have a long -term asset somewhere in the loan table.”
The nature of the asset is defined by the attitudes of those who own assets. As more companies adopt Bitcoin to diversify the Ministry of Finance, Cryptocurrency’s profile is changing as sovereignty companies begin to experiment with Bitcoin reserves. The US strategic bitcoin protection area is incomplete, contributing to this trend.
It’s too early to call Bitcoin a full -fledged hedge. Prices are still mainly led by short -term guesses. But the transition is in progress. As adoption increases in countries, companies, and individuals, the volatility of Bitcoin will decrease, and the usefulness as a partial hedge will increase.
At present, a safe shelter label can be a desire. But if the current trend continues, it may not take long.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.