Jakarta, Pintu News – Amid tensions between the Federal Reserve and President Donald Trump, Bitcoin reached $90,000, drawing attention as a ‘safe haven’ asset. This rise has coincided with a decline in the value of the US Dollar, fueling speculation about Bitcoin’s potential decoupling from the US stock market, which has gone hand-in-hand.
Since February, Bitcoin (BTC) has moved in tandem with US equities as a risky asset. However, according to Bitcoin’s Pearson Correlation indicator (30-day), the positive correlation between the crypto and US stocks increased since late February. Starting April 15, Bitcoin (BTC) began to decouple from the S&P 500 and Nasdaq Composite, and started to show a positive correlation with gold.
This indicates that Bitcoin (BTC) has started to behave as a ‘safe haven’ asset since mid-April. Tom Lee, market analyst and CIO of FundStrat, in an interview with CNBC, stated that Bitcoin (BTC) will catch up with gold. With a previous high of over $100,000, Bitcoin (BTC) has room to grow as a non-dollar asset. Lee added that the de-leveraging phase of US Dollar-based assets has been completed, which could support Bitcoin (BTC)’s rise going forward.
Also Read: Gold or Bitcoin: Which is a Safe Investment Amid US-China Tensions?
Alex Thorn, Head of Research at Galaxy Digital, considers the trend of Bitcoin (BTC) decoupling from US stocks as a remarkable phenomenon. However, Thorn warns that this trend may not last long. Meanwhile, threats from President Trump to fire Fed Chair Jerome Powell have shaken market confidence and triggered an exodus of investors from the US market to gold and Bitcoin (BTC).
Trump’s perceived policy of infringing on the Fed’s independence has exacerbated the situation, prompting more investors to seek safety in assets such as gold and Bitcoin (BTC). Gold itself has reached a new record high of $3,500 per ounce, while Bitcoin (BTC) has seen significant gains.
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So far in 2025, Bitcoin (BTC) lags behind gold and has lost more than 35% of its value. Whether the new trend as a ‘safe haven’ asset will help Bitcoin (BTC) take back its position compared to gold remains to be seen. Investors and analysts continue to monitor these market dynamics to see if Bitcoin (BTC) can maintain its status as a hedge asset amid global economic uncertainty.
With the situation constantly evolving, the crypto and gold markets offer interesting insights into how assets behave amid economic and political uncertainty. Bitcoin (BTC), with its recent moves, shows the potential to become more than just a speculative asset, but whether this will be sustainable is still an open question.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
