PANews reported on April 8th that according to The Block, despite the tariffs recently imposed by the US President causing severe turbulence in both cryptocurrency and traditional markets, analysts from Bernstein pointed out that "Bitcoin has shown an impressive resilience". By comparing historical data, analysts observed that during past crisis periods (such as market panic caused by the COVID-19 pandemic and interest rate shocks), Bitcoin prices typically experience a deep correction of 50% to 70%. "The current decline of only 26% indicates that Bitcoin demand is coming from more resilient capital," they wrote in a research report sent to The Block on Tuesday.

Analysts believe that Bitcoin's price, as a leading indicator of risk appetite, does not diminish its long-term potential for excess returns as a value storage tool in the digital realm. "In our view, Bitcoin is gradually evolving into a 'digital gold' in a probabilistic sense," the report stated, adding that its trading characteristics have "higher volatility and better liquidity compared to gold".