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Bitwise CIO: This pullback has seen Bitcoin perform exceptionally well, possibly outpacing the stock market for the first time.
Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin has performed "significantly differently" during the recent market pullback, with its price nearly flat at $84,379 over the past month, showing a fluctuation of only 0.07%, demonstrating rare stability. In contrast, the U.S. stock market dropped 12% during the same period due to market fluctuations caused by Trump's tariff policies, while Bitcoin performed excellently. Hougan pointed out that since Bitcoin broke the $1 mark in 2011, it has never outperformed during a full stock market pullback, but a historic turning point may be on the horizon. Hougan also believes that as businesses, institutions, and governments increase their Bitcoin holdings, its attribute as a safe-haven asset is gradually overshadowing its positioning as a risk asset. (TheBlock)