Bitcoin Outperforms S&P 500 Amid Macro Challenges
- Bitcoin rose 47% since Trump’s election, outperforming the S&P 500’s 4% gain.
- The U.S. dollar index (DXY) increased by 5%, impacting risk assets.
- Bitcoin exchange balances continue to decrease despite profit-taking.
- Correlation between Bitcoin and the S&P 500 reached 0.88 recently.
The significant rise in Bitcoin, coupled with a decreasing exchange balance, suggests a potential supply deficit that could influence future investment strategies. Despite macroeconomic pressures like the strong dollar, Bitcoin’s resilience highlights its appeal as an alternative asset class compared to traditional stocks.
