Bitcoin Stands Strong Amid Market Mayhem

Expert Insights from Unchained

Hold onto your hats, folks! While the stock market's taking a nosedive thanks to U.S. tariffs hitting most of its trading buddies, Bitcoin's showing some serious grit. Joe Burnett, the sharp Director of Market Research at Unchained, is here to spill the beans on why Bitcoin's not just surviving, but thriving amidst this chaos.

Listen up, because this is big: U.S. stocks are tanking like never before, yet Bitcoin (BTC) is standing tall, a beacon of hope for those diving into the institutional investment pool, according to Burnett.

Trump's tariffs are slamming down, U.S. equities are crashing, and China's not playing nice. But guess what? Now might just be the perfect moment to beef up your Bitcoin stash. And hey, not saying it's financial advice, just throwing it out there!

On April 4, the Dow Jones Industrial Average plummeted over 2,200 points, following a brutal 1,679 point drop on Thursday. It's the worst two-day beating in history, leaving equity investors biting their nails over the weekend.

But here's where it gets juicy: Bitcoin's not only holding its ground but starting to bounce back, clocking a 2.2% gain in the last 24 hours. Burnett's pointing out this is déjà vu from 2020, when Bitcoin led the charge out of the market slump.

Remember March 2020? Bitcoin hit rock bottom and then shot up like a rocket, way before U.S. equities got their act together. And guess what? History might just be repeating itself since Bitcoin hasn't hit new lows since March 11th.

Now, Bitcoin's known for its wild swings, and Burnett notes it's often the first thing investors dump when cash gets tight. But here's the kicker: because the sell-off is so fast and furious, Bitcoin usually hits bottom before stocks do.

This could mean stocks are about to turn around. The AAII investor sentiment survey plunged to 19.11% on March 13, the lowest since the pandemic hit. When everyone's this down in the dumps, it's a sign that stocks might be ready for a comeback.

But hold your horses, Burnett warns, Bitcoin's not out of the woods yet.

If stocks keep tumbling over the next few weeks, don't be shocked if Bitcoin takes another hit too.