‘Bitcoin Wants To Go Higher,’ Says Bitwise CIO—But There’s A Catch
Bitcoin's price on April 14, 2025, was $84,379, showing a minimal change of 0.07% over the past month. This stability occurred amid significant geopolitical events, including the U.S. establishing a Strategic Bitcoin Reserve and President Trump imposing global tariffs. Bitcoin's performance contrasts with the S&P 500, which has declined by 12.0% since its peak on February 19, while Bitcoin fell by 12.4%. Historically, Bitcoin has experienced steeper declines than stocks during downturns, but it is now mirroring stock losses more closely. Hougan suggests this indicates a transitional phase for Bitcoin, as it is increasingly viewed as "digital gold" due to corporate and institutional adoption. However, he cautions that Bitcoin's status as a hedge asset remains unproven compared to gold, especially in volatile markets. He emphasizes Bitcoin's resilience above $80,000 amid macroeconomic challenges, noting that future market dynamics could still expose its vulnerabilities. At press time, Bitcoin traded at $85,200.
