PANews reported on April 8 that according to The Block, despite the recent tariffs imposed by US President Trump, which have caused turbulence in both the cryptocurrency and traditional markets, analysts at Bernstein pointed out that "Bitcoin's ability to resist declines is amazing". By comparing historical data, analysts have observed that in previous crisis periods (such as market panic caused by the new crown epidemic, interest rate shocks, etc.), Bitcoin prices usually experience a deep correction of 50% to 70%. "The current decline of only 26% shows that Bitcoin demand is coming from more resilient capital," they wrote in a research report sent to The Block on Tuesday.
Analysts believe that Bitcoin prices, as a leading indicator of risk appetite, do not undermine its long-term excess return potential as a store of value in the digital field. "In our view, Bitcoin is gradually evolving into a probabilistic 'digital gold' over time," the report said, adding that its trading characteristics "have higher volatility and better liquidity than gold."
