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📅 July 3, 7:00 – July 9,
According to Bernstein analysts, Bitcoin has withstood the recent market crash well! It has become a digital store of value! Here are the details.
According to a new research note from Bernstein analysts, despite the recent market surge triggered by U.S. President Donald Trump’s tariffs, Bitcoin (BTC) has once again proven its strength as a digital store of value.
Bernstein Analysts Say Bitcoin Shows "Impressive Resilience" Amid Market Turmoil
In the report shared today, while praising Bitcoin's performance, it was emphasized that it has been able to withstand macroeconomic shocks much better compared to previous crises.
"The resilience of Bitcoin is nothing short of impressive," wrote analysts, pointing to the cryptocurrency's relatively modest 26% decline in the face of widespread market sell-offs.
Historically, Bitcoin has experienced declines between 50% to 70% during periods of global stress, such as the COVID-19 market crash or sudden interest rate shocks.
According to Bernstein, the current market behavior indicates that Bitcoin is likely experiencing increased demand from more resilient, long-term capital, probably institutional investors, which softens its price against deeper losses.
In the note framed as a maturing component of diversified investment portfolios in digital assets, it was stated that "The current price movement indicates a demand for Bitcoin from more resilient capital."
Bitcoin typically acts as a leading indicator of risk appetite in the market, while Bernstein argues that this characteristic does not undermine its long-term potential.
Analysts who say, "In our view, Bitcoin is a probabilistic 'gold' on a time scale," also add that Bitcoin trades like "a higher volatility and more liquid version of gold."
This comparison reinforces the narrative that Bitcoin has transformed into a digital alternative to traditional safe haven assets, although it still exhibits high price surges.