Despite recent upheavals in the financial markets triggered by U.S. President Donald Trump’s tariffs Bitcoin has shown remarkable resilience. Analysts from Bernstein highlight that while the top cryptocurrency typically faced drawdowns of up to 70% in past crises this time it only saw a 26% drop. This demonstrates a robust demand from steadfast investors during turbulent times.

Bernstein analysts point to Bitcoin’s current behavior as an indicator of risk appetite which underscores its enduring appeal. Unlike previous market shocks where Bitcoin’s value plummeted significantly the smaller decrease this time around reflects a stronger base of investor confidence.

Further affirming Bitcoin’s status as digital gold Bernstein analysts emphasize its role as a long-term store of value. Bitcoin behaves like a more liquid and higher-volatility version of traditional gold. This suggests its potential to outperform in the digital age continuing to attract investors looking for reliability amidst uncertainty.