Summary
- Mercado Bitcoin said that over the 60 days following global economic and geopolitical shocks, Bitcoin (BTC) posted higher returns than gold and the S&P 500.
- Ronnie Schuster said that after shocks such as the COVID-19 pandemic and U.S. tariff policy, Bitcoin showed the strongest rebound in every case.
- Schuster said that in the 60 days after the U.S. government’s tariff announcement last year, Bitcoin rose 24% while gold and the S&P 500 gained only 8% and 4%, respectively.
Forecast Trend Report by Period
An analysis has found that Bitcoin (BTC) tends to post higher returns than gold and equities amid global economic and geopolitical shocks.
According to CoinDesk, a cryptocurrency-focused outlet, on the 5th (Korea time), crypto exchange Mercado Bitcoin said its analysis of asset performance over the 60 days following major crises showed Bitcoin delivered higher returns than gold and the S&P 500.
Ronnie Schuster, head of research at Mercado Bitcoin, said, "An analysis of asset returns over a certain period after economic and political shocks such as the COVID-19 pandemic and U.S. tariff policy found that in every case Bitcoin posted the strongest rebound," adding, "In fact, in the 60 days after the U.S. government announced tariffs last year, Bitcoin rose 24%, while gold and the S&P 500 gained just 8% and 4%, respectively."
Back in March 2020, early in the COVID-19 outbreak, Bitcoin also rose about 21%, showing a recovery that outpaced other assets. Meanwhile, in the recent wartime phase between the United States and Iran, Bitcoin gained 2% while other assets fell.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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