Bitcoin tends to outperform gold and stocks after global shocks, Mercado Bitcoin finds
A Mercado Bitcoin study shows Bitcoin consistently outperforms gold and the S&P 500 in the 60 days following major global shocks.Summary
A new analysis by Brazilian crypto exchange Mercado Bitcoin, led by Rony Szuster, reveals that Bitcoin tends to outperform traditional safe-haven assets like gold and stocks after significant economic or geopolitical events. The study examined 60-day periods following shocks such as the COVID-19 outbreak and U.S. tariff escalations, consistently finding stronger returns for Bitcoin. For example, after Trump's tariff announcements, Bitcoin rose 24%, while gold and the S&P 500 gained 8% and 4% respectively. Similarly, at the start of the COVID-19 pandemic, Bitcoin increased by 21%. Szuster cautions against drawing conclusions too early after a crisis, noting initial investor sell-offs, but highlights Bitcoin’s consistent recovery. Current data from the U.S.-Iran conflict shows Bitcoin up 2.2%, while gold has dropped 11% and the S&P 500 has lost 4.4%. Despite its volatility, Bitcoin has been the best-performing asset of the last decade.
(Source：CoinDesk)