22.04.2025 19:42
Bitcoin has strengthened signals of its divergence from traditional markets by climbing to the $90,000 level despite global economic uncertainties. The changing risk profile of the cryptocurrency and structural factors are noteworthy.
The leading cryptocurrency Bitcoin has once again reached the $90,000 level, challenging the fluctuations in the global economy. This rise indicates a period where Bitcoin is becoming increasingly independent from traditional financial assets. This development, which is a significant turning point for investors, reveals the changes in the market dynamics of cryptocurrencies.
Bitcoin Outpacing Traditional Markets
Bitcoin's rapid return to surpassing the $90,000 level showcases its resilient stance against global economic uncertainties. While high interest rates, rising tariffs, and geopolitical tensions create volatility in stock and credit markets, Bitcoin maintains its upward trend. According to sector analyses, this scenario indicates that the cryptocurrency has transitioned from behaving like a "high-beta" stock to a structurally independent asset.
Data shared by Fidelity's Global Macro Director Jurrien Timmer suggests that holding both Bitcoin and gold in a portfolio makes sense. The value preservation feature of gold, along with Bitcoin's rising Sharpe ratio, significantly increases the interest of institutional investors. Even though Bitcoin's volatility is high, this volatility offers performance that surpasses other traditional asset classes in terms of risk-return balance.
The moderation in the correlation between Bitcoin and the S&P 500 indicates that the cryptocurrency is no longer responding as strongly to global liquidity fluctuations. Factors such as country-level collective savings, spot ETF (Exchange-Traded Fund) inflows, and supply-side constraints play a decisive role in Bitcoin pricing. This transformation paves the way for the cryptocurrency to be positioned as a strategic reserve asset rather than a speculative tool.
Fundamentally, Bitcoin is not exposed to factors such as corporate earnings, supply chain issues, or regulatory pressures, and it is also unaffected by the wave of global protectionism. While U.S. stocks are under pressure due to protectionist policies and fragile earnings growth, Bitcoin's structural immunity to these risks adds to its value. Moreover, Bitcoin's censorship-resistant, politically neutral, and liquid structure transforms it into a strategic capital reservoir beyond just a growth-potential investment vehicle.