Despite recent market volatility triggered by U.S. President Donald Trump’s tariffs, Bitcoin (BTC) has once again proven its strength as a digital store of value, according to a new research note from Bernstein analysts.
Bitcoin Shows “Impressive Resilience” Amid Market Turmoil, Says Bernstein Analyst
In the report shared today, Bitcoin's performance was praised, emphasizing that it was able to overcome macroeconomic shocks much better than previous crises.
“Bitcoin’s resilience has been nothing short of impressive,” the analysts wrote, pointing to the cryptocurrency’s relatively modest 26% drop amid widespread market sell-offs.
Historically, Bitcoin has experienced declines of 50% to 70% during periods of global stress, such as the COVID-19 market crash or sudden interest rate shocks.
According to Bernstein, current market behavior points to increased demand for Bitcoin from more resilient, longer-term capital (likely institutional investors), cushioning its price against deeper losses.
“Current price action suggests demand for Bitcoin from more resilient capital,” the note said, framing the digital asset as a maturing component of diversified investment portfolios.
While Bitcoin often acts as a leading indicator of risk appetite in the market, Bernstein argues that this feature does not undermine its long-term potential.
“In our opinion, Bitcoin is a probabilistic ‘gold’ on a time scale,” the analysts said, adding that Bitcoin trades like a “higher volatility and more liquid version of gold.”
This comparison strengthens the argument that Bitcoin is evolving into a digital alternative to traditional safe-haven assets, albeit one that still exhibits high price volatility.
*This is not investment advice.
