Bitcoin acts like ‘store of value that it is’ amid Trump policy chaos: NYDIG
Bitcoin’s decoupling from traditional risk assets is “still very early and fragile,” but the shift is “palpable,” says NYDIG’s Greg Cipolaro.
Bitcoin is starting to act as a store of value during times of “US-risk-off” sentiment, marking a potential shift in its relationship with traditional assets, according to the New York Digital Investment Group.
Bitcoin (BTC) felt “noticeably different” over the trading week ended April 25, NYDIG’s global head of research Greg Cipolaro said in an April 25 market note.
“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.”
