Bitcoin is becoming detached from the US equity market and is increasingly behaving like precious metals, indicating Bitcoin\u2019s enhanced function as a refuge asset amidst global economic turmoil.<\/p>\n
The value of Bitcoin (BTC<\/a>) illustrates its evolving sophistication as a worldwide asset, transitioning from being \u201cless Nasdaq \u2014 more gold\u201d in the last fortnight, per Alex Svanevik<\/a>, the co-founder and CEO of the Nansen crypto analytics platform.<\/p>\n Over the fortnight concluding April 22, Bitcoin witnessed a 12% rebound, despite the escalating tariff disputes among the globe\u2019s largest trading powers. As of April 9, the US amplified reciprocal tariffs on China to 125%, whereas China elevated import tariffs from 84% to 125%, effective April 12.<\/p>\n During the trade conflict, Bitcoin exhibited \u201cunexpected stability\u201d in contrast to altcoins and indexes such as the S&P 500<\/a>, yet it still faces susceptibility to concerns regarding economic downturn, Svanevik remarked to Cointelegraph, adding:<\/p>\n \u201cWe anticipate gold to remain more steadfast, although gold assets could be sold off if investors panic and seek to cover margin calls. This was observable one to two days during the peak of the trade conflict earlier this month.”<\/p><\/blockquote>\n Nonetheless, Bitcoin will continue to gain from regulatory advancements and the US Bitcoin Reserve<\/a>-related updates, especially with additional news on how the \u201cTreasury is exploring methods to convert reserves into BTC,\u201d Svanevik further noted.<\/p>\n Related: <\/strong><\/em>Bitcoin surge beyond $100K may follow US Treasury buybacks \u2014 Arthur Hayes<\/strong><\/em><\/a><\/p>\n Initially, the US Bitcoin reserve will include BTC confiscated in government criminal proceedings, with President Donald Trump\u2019s executive order directing the government to create \u201cbudget-neutral strategies\u201d to acquire more Bitcoin.<\/p>\n \ud83c\uddfa\ud83c\uddf8 LATEST: Executive Director of Digital Assets Bo Hines stated that the US government might purchase Bitcoin using tariff revenues. pic.twitter.com\/Gfc2HiEJoL<\/a><\/p>\n \u2014 Cointelegraph (@Cointelegraph) April 15, 2025<\/a><\/p><\/blockquote>\n The US is exploring \u201cnumerous innovative options\u201d to finance its Bitcoin investments<\/a>, including utilizing tariff revenues and reassessing the Treasury\u2019s gold certificates, thereby generating a paper surplus to support the BTC reserve without liquidating gold, Bo Hines from the Presidential Council of Advisors for Digital Assets mentioned<\/a> in an April 14 interview.<\/p>\n Related: <\/strong><\/em>Bitcoin rises 33% since 2024 halving as institutions accelerate the cycle<\/strong><\/em><\/a><\/p>\n Despite Bitcoin\u2019s strength against tariff anxieties, a looming US recession could diminish investor interest in risk assets.<\/p>\n The likelihood of a US recession in 2025 has escalated from 40% to 60%, as noted in an April 15 research report<\/a> from JPMorgan, which stated:<\/p>\n \u201cThe recent unwinding of the Liberation Day tariffs alleviates the shock to the global trading framework, but the ongoing universal 10% tariff remains a significant threat to growth and the 145% tariff on China sustains the probability of a recession at 60%.\u201d<\/p><\/blockquote>\n JPMorgan anticipates the Fed will \u201cbegin to ease in September, followed by further reductions at every meeting thereafter until January 2026 \u2014 achieving a 3% policy rate by June 2026,\u201d the report added.<\/p>\n\n
US recession likelihood climbs to 60%, according to JPMorgan<\/h2>\n