On April 2, it is shaped as a key moment in global trade policy. US President Donald Trump called “Liberation Day”, in relation to when fresh tariffs – successes by 20% – reached imports from over 25 countries. According to The Wall Street JournalThe administration also weigh “wider and higher tariffs” beyond this initial wave, which means that on April 2 it is unlikely to be the end of economic uncertainty.

The markets reacted negatively over the past week, and the S&P 500 dropped by 3.5%, while Nasdaq 100 slid 5%, emphasizing the fear of investors. At the same time, Gold increased by 4%, reaching a record level above USD 3150 per ounce. The capacity of the 10-year treasure dropped to 4.2%, even when the last inflationary data showed an raise in some basic elements.

Markets are a classic sign of the environment from such a risk, which often precedes economic contraction.

During Bitcoin (BTC) variability, it fell by 6% – relatively modest compared to its historical variability, but does not yet make it a reliable security, although his growing role as reserve assets suggests that this may change over time.

Bonds and gold run in a protected place.

During periods of macroeconomic and geopolitical instability, investors usually look for resources containing performance and historically. Both US government bonds and gold prices “increase in growing demand for this type of assets.

Gold has an outstanding moment. According to Bloomberg, in the last two months, gold funds have attracted over $ 12 billion in net inflow – which means the largest increase in capital in assets since 2020.

Since the beginning of the year, gold prices have increased by almost +17%, while the S&P 500 dropped by 5%. This shows the uncertain state of the economy, confirmed by a rapid decrease in consumer moods in the US, which fell by about 20 points at the level level, which were not visible since 2008. In March, only 37.4% of Americans expected that share prices would rise next year – almost 10 points from February and 20 points below the summit 2024.

Like a Kobeissi letter Place itIN

“The economic slowdown clearly began.”

Bitcoin: digital gold or technological proxies?

Matrixport chart It shows that ETF Bitcoin Blackrock (IBIT) is now 70% correlated with NASDAQ 100 – the level has only reached twice earlier. This suggests that macro forces continue to shape short -term Bitcoin movements, as did technological inventories.

ETF data support this trend. After a strong week of the ETF Spot Bitcoin influx recorded, a net outflow of $ 93 million on March 28, according to Kinglas. Total Bitcoin ETP assets for managed fell to $ 114.5 billion, the lowest in 2025.

The numbers show that Bitcoin is still perceived more as speculative technology proxy and has not yet introduced a new phase of market behavior. However, some signs of this potential passage are already visible.

Related: The worst Q1 for the price of BTC from 2018: 5 things to get to Poznań this week

Bitcoin is on the road to becoming a reserve resource

Structural shift undergoes under volatility. Companies are increasingly using Bitcoin and ETFS to diversify their balances.

According to Tipranks80.8% of the IBIT Blackrock shares are the property of public companies and individual investors. In addition, in February 2025, Blackrock included 1% to 2% of IBIT allocation in its target allocation portfolios, reflecting the growing institutional party.

Data from Bitcointreasuries It shows that 665 618 BTC currently has listed companies, and private companies have 424 130 BTC. Together it is 1 089 748 BTC – for 5.5% of the total supply (excluding lost coins). These numbers emphasize the growing acceptance of Bitcoins as a tax reserve resource. What’s more, some experts predict that keeping BTC in a corporate treasury will become a standard practice until the end of the decade.

Elliot Chun, a partner of the architect -oriented architect architect, said in the blog of March 28:

“I expect that by 2030 a quarter of the S&P 500 will have BTC somewhere on its balances as long -term assets.”

The form of any resource is defined by the attitude of those who have it. Because more and more corporations are accepting bitcoins to diversify the treasures – and when sovereign entities begin to experiment with Bitcoin reserves – the cryptocurrency profile changes. The Bitcoin strategic reserve in the USA, although it is imperfect, contributes to this trend.

It is too early to call Bitcoin a full -fledged hedge. Its price is still driven primarily by short -term speculations. But the passage is ongoing. With the increase in adoption in various countries, companies and natural persons, the volatility of bitcoins will probably fall, and its usability as partial protection will increase.

For now, a safe marina can be aspirated. But if the current trends are continued, it may not be long.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.