The rise to power of Donald Trump has already resulted in many changes. First and foremost, this refers to large-scale import tariffs, which have become an important tool for the U.S. government to exert pressure on other countries. The situation with these tariffs is becoming clearer, as American officials are increasingly discussing the possibility of temporarily lifting them.
Amid this chaos, Bitcoin was the first to stand out, with its behavior attracting the attention of analysts.
Why You Should Buy Bitcoin
The previous week showed that Bitcoin is increasingly becoming a full-fledged means of savings for all comers. And although the separation of cryptocurrency from traditional risk assets is still insignificant and at an early stage, the corresponding trend is already noticeable.
The details of what is happening were shared by Greg Cipolaro, global head of research at New York Digital Investment Group, in his note on the market situation.
“We’ve been observing subtle shifts in its behavior over the past few weeks,” he added. “The decoupling from traditional risk assets is still very early and fragile, but for those watching crypto markets 24/7, the shift is palpable.”
The expert described what is happening as investors' desire to reduce risks associated with the US. Still, Trump's policy was a very sharp change compared to the actions of the previous administration, which quite predictably caused panic in the markets.
Accordingly, many players now want to hold assets that would not be significantly influenced by the US President and his team. And here Bitcoin is on the radar of many capital holders.
The analyst continues:
“Bitcoin has acted less like a liquid levered version of levered US equity beta and more like the non-sovereign issued store of value that it is.”
According to Cipolaro, Bitcoin has risen in value by 13 percent since the beginning of April, while popular U.S. market indices represented by the S&P500 and Nasdaq 100 have declined in value. This came amid global trade tensions over Trump's already mentioned tariffs.
The U.S. dollar and long-term U.S. Treasuries also underperformed after the presidential election and the so-called Emancipation Day on April 2. On that day, Trump announced massive duties on imports from various countries, with a minimum level of 10 percent.
The traditional winners for investors' capital preservation were gold and the Swiss franc. At the same time, Chipolaro directly stated that the behavior of the Bitcoin exchange rate indicates its final transformation into a non-state means of saving.
Why are investors trying to transfer funds into instruments that are more understandable to them? According to the NYDIG representative, there are several factors. We're talking about the rise in equity volatility as measured by the VIX index, the corresponding performance of currencies with the CVIX index, and what's happening with interest rates and bonds as illustrated by the MOVE index.
Chipolaro noted that there are few large liquid alternatives for investing capital outside of traditional financial systems. Gold remains the most common savings vehicle, with a market capitalization of $22 trillion.
Bitcoin's current market capitalization is 1.88 trillion.
Who Supports Bitcoin
American actor and comedian T.J. Miller, who is primarily known for his role as Erlich Bachmann in Silicon Valley, is among the Bitcoin enthusiasts.
In a recent episode of the Coin Stories podcast, Miller described himself as the only BTC fan among celebrities and in addition explained the trend.
According to the actor, people are prevented from appreciating the advantages of the first cryptocurrency by banal laziness. He is sure that 50 hours is enough to fully familiarize yourself with BTC, its basics and advantages. However, for the majority of people it is too time-consuming.
Here's a quote:
People in general are hard-pressed to learn after graduation - at any level. So when you tell them it will take 50 hours to understand something, their reaction is, "Ahhhh, I don't want to." They can't even finish a series on Netflix, not even "White Lotus" - because it takes seven hours.
Miller believes that to connect with digital assets, you have to face a different life. For Hollywood celebrities, such a thing is unlikely to happen.
Hollywood rewards people who don't think otherwise.
The actor has been supporting Bitcoin for quite a long time. He recommended his friends to invest a thousand dollars in the first cryptocurrency when BTC was trading in the price range of 8 to 12 thousand.
Miller is confident that Hollywood will eventually make a popular movie about the Bitcoin revolution.
But it will be interesting to watch because it didn't happen all at once. It didn't happen in three years and it didn't happen in ten, so it will be curious to see how they can connect the dots.
Journalists believe that the actor's enthusiasm for digital assets is not superficial. He is willing to use his own popularity to educate others about the benefits of BTC and inspire them to take digital assets seriously.
You can see that I'm on fire about this. So I'd like to become someone who helps raise cultural awareness, spread knowledge, and become a recognizable and trusted face in the Bitcoin community - with the hope that it will attract more people.
The bottom line
Amidst the political chaos, Bitcoin is increasingly establishing itself as a trusted savings vehicle. Its behavior on the markets confirms the growing confidence of investors, and the support of famous personalities like T.J. Miller only increases interest in the first cryptocurrency. So BTC is clearly turning into a new financial standard - albeit gradually.
