US Treasury Secretary Scott Bessent has praised Bitcoin as an emerging store of value, drawing comparisons to gold during a recent interview with Tucker Carlson. His comments come at a time when global stock markets are facing sharp declines following Donald Trump’s announcement of new tariffs.
Despite this turbulence, Bitcoin has remained relatively stable, hovering around the $83,000 mark, which Bessent noted as a sign of its increasing strength and independence from traditional financial markets.
Bessent explained that while gold has historically been viewed as a store of value, Bitcoin is now beginning to play a similar role in today’s financial system. This recognition of Bitcoin’s evolving position highlights a growing shift in how institutional figures perceive the asset.
Matrixport, a financial services firm in the crypto space, also observed Bitcoin’s unusual stability during the downturn. Although BTC previously moved in line with equities, analysts now suggest it may be entering a phase of positive decoupling, signaling strong momentum even as traditional markets fall. Bessent also mentioned that the new tariffs could lead to prolonged international negotiations, creating further market volatility and economic uncertainty, which may push investors toward safer alternatives like Bitcoin.
David Hernandez from 21Shares added that Bitcoin’s recent price behavior strengthens its case as a viable hedge. While assets like gold have seen increased demand during this period, Bitcoin’s performance shows that it too is gaining trust as a resilient investment option. The market’s reaction signals a broader recognition of Bitcoin’s potential for uncorrelated returns during uncertain times.
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