Bitcoin’s safe-haven appeal grows during trade war uncertainty
Bitcoin may see growing recognition as a safe-haven asset thanks to its maturing volatility profile and growing institutional recognition as a digital gold alternative.
Update April 9, 1:38 pm UTC: This article has been updated to include the latest developments on US import tariffs.
The global trade war may be a silver lining for Bitcoin’s growing recognition as a safe-haven asset next to gold, thanks to its liquidity and accessibility advantages compared with precious metals.
Financial markets have been rattled since US President Donald Trump’s April 2 reciprocal import tariffs announcement, leading to record-breaking sell-offs for traditional stock markets and a Bitcoin (BTC) correction below $75,000.
