Bitcoin (BTC), ‘decoupling’ signal amid US risk aversion… Emergence of store of value

Bitcoin (BTC) is beginning to establish itself as a store of value amid the US-driven risk aversion flow. This is seen as a signal that could herald a significant change in its relationship with traditional assets.

Greg Cipolaro, Global Research Head at New York Digital Investment Group (NYDIG), stated in a market report published on April 25th that "Bitcoin's movement during the week ending April 25th was distinctly different". He explained, "I have been observing subtle changes in Bitcoin's behavior over the past few weeks. While the decoupling from traditional risk assets is still in an early and unstable stage, those monitoring the cryptocurrency market 24/7 can clearly feel this change.

also that "is Bitcoin is now revealing the essence of a non-state issued store of value, rather than moving like a leveraged version of the US stock market beta index". In fact, Bitcoin has risen by early April, major US stock markets such as the S&P 500 and Nasdaq Jones indices have shown a downward trend as global trade tensions escalated due to Trump's tariff measures.

He added that the that US dollar and long-term US Treasury bonds have continued to been perform poorly since Trump 's 'Liberation Day' tariff policy announced on April 2nd, which proposed imposing a minimum 10% tariff on all countries.

Traditional safe-haven assets such as gold and the Swiss franc have consistently shown strength, and Cipolaro assessed that Bitcoin is emerging as such a non-state issued store of value. He also emphasized that investors are are are seeking safe assets amid the sharp rise in the stock market volatility index (VIX), foreign exchange market volatility index (CVIX), and interest rate and bond market volatility index)).

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