title: Bitcoin Has Been Holding Strong Despite the Stock Market's Rough Time

Bitcoin has been holding strong even though the stock market has been going through a rough time. However, experts believe this might not last.

Bitcoin has been remarkably resilient despite the turbulent times in the stock market. However, experts believe this might not last.

Analysts at Matrixport suggest that Bitcoin could begin moving in tandem with the stock market, especially following Donald Trump's new tariff plans. The president is set to unveil tariffs on 15 countries, including China, Canada, and Mexico.

As a result of these tariffs, investors could pull back from riskier assets like Bitcoin, potentially causing its price to decline.

Crypto analyst Markus Thielen also anticipates Bitcoin's price to move in line with equities due to the broader market shift.

"We expect BTC to move in tandem with equities as the broader market adjusts. At present, BTC funding rates are slightly positive, and there are fewer traders in the market, displaying caution. Traders are not yet making any significant moves."

This indicates that investors are currently playing it safe and observing the market trends closely.

Aran Hawker, CEO of CoinPanel, further explained how major economic shifts can affect Bitcoin.

"The Nasdaq's role as a lead indicator in the current risk-off move offers a useful benchmark for attributing parallel weakness across the digital assets market. In essence, if the stock market declines, anticipate Bitcoin to follow suit."

Meanwhile, Bitcoin's price has been hovering in a narrow range over the last few weeks. It soared to a record high of $108,000 in January but slid below $90,000 last week.

However, some experts believe that Trump's tariff plan could actually help Bitcoin in the long run.

Columbia Business School professor Omid Malekan says Bitcoin could become a safe asset, just like gold.

"Bitcoin has found footing in some circles as 'digital gold,' and the physical variety is soaring on the tariff news. Some investors may start seeing Bitcoin as a safer place to put their money."

However, economist Peter Schiff, a long-time Bitcoin critic, says Bitcoin is too risky.

"Maybe they can buy more gold, or perhaps some physical Bitcoin, though I’d prefer the gold. It’s a digital risk in a risk-off market. I don't think people will start buying more Bitcoin because of the tariffs."

Schiff further argues that Bitcoin's price is too unstable to be a safe investment like gold.

"It's never going to be a true store of value like gold because its price is far too volatile. It's not clear what will happen next with Trump's tariff plans, but it could have a big impact on Bitcoin's price."