U.S. stocks fell slightly, Bitwise: Amid global turbulence, Bitcoin remains stable at 80,000, BTC is becoming a macro asset.

The three major U.S. stock indices fell slightly, as the uncertainty of tariffs continues to suppress the market. However, the VIX index has dropped from 60 at the beginning of the month to 30, indicating that investors seem to be gradually numbed by the volatility of the tariff war. Bitwise's Chief Investment Officer Matt Hougan issued a report stating that Bitcoin has remained stable over the past month. The world is in turmoil, yet Bitcoin is still trading above $80,000, showing that Bitcoin is growing into a macro asset.

Uncertainty in tariffs continues to suppress the market.

The uncertainty of tariffs continues to suppress the market, despite Wall Street financial giants' performances highlighting the prosperity of stock trading and the still healthy conditions of consumers and businesses. After rising nearly 1%, the S&P 500 index ultimately closed lower. In the after-hours session, United Airlines Holdings maintained its full-year profit outlook but warned that a "recession" scenario would erode demand and significantly reduce profits.

U.S. President Trump urged China to proactively contact him to start negotiations, stating that there is currently no hope for an end to the trade war. This trade war has led both sides to increase trade barriers. According to informed sources, China has ordered airlines not to accept Boeing's aircraft anymore. Meanwhile, the EU and the U.S. have made almost no progress in narrowing trade differences.

Bitwise: Bitcoin holds steady above 80,000, demonstrating extraordinary resilience.

Bitwise Chief Investment Officer Matt Hougan issued a report stating that Bitcoin is like an asset eager to rise as long as macro obstacles disappear. He also pointed out an astonishing fact: Bitcoin has remained stable over the past month. Bitcoin currently looks extremely resilient. The world is in turmoil, yet Bitcoin is still trading above $80,000.

Hougan believes that the return on Bitcoin is driven by two sometimes opposing forces:

Risk assets: From one perspective, Bitcoin is a type of risk asset, an emerging, technology-driven investment that has historically offered high returns and high volatility.

Hedge asset: From another perspective, Bitcoin can play a role similar to gold, providing a hedge against macro policy errors and the depreciation of fiat currency.

In the early days of Bitcoin, the elements of "risk assets" dominated. The success of Bitcoin was still highly questionable, so when the market shifted to "risk aversion," it would be severely impacted, with falls even exceeding those of stocks.

Today, as more and more companies and institutions purchase Bitcoin, and an increasing number of governments adopt it as a strategic reserve, the narrative of "hedge assets" is growing. Investors are increasingly viewing it as digital gold. The result is a lower correlation with stocks during periods of fall.

He believes that Bitcoin is growing into a macro asset, which is a delightful sight.

This article reports a slight fall in US stocks, Bitwise: The world is in turmoil, but Bitcoin remains steady at eighty thousand dollars, BTC is becoming a macro asset. First appeared in Chain News ABMedia.