TechFlow News, April 5: According to a CoinDesk report, Brazilian cryptocurrency exchange Mercado Bitcoin released a research report showing that Bitcoin (BTC) tends to outperform traditional safe-haven assets such as gold within two months following major global crises.
The study, led by Mercado Bitcoin’s Head of Research Rony Szuster, analyzed asset performance over a 60-day window following economic or geopolitical shocks—including the outbreak of the COVID-19 pandemic and the escalation of U.S. tariffs—and found that Bitcoin delivered higher returns than both gold and the S&P 500 index in every examined period.
Specifically, after the Trump administration announced sweeping tariff measures in April 2025, Bitcoin rose 24% over the subsequent 60 days, while gold rose 8% and the S&P 500 rose 4%. Similarly, during the initial phase of the COVID-19 outbreak in March 2020, Bitcoin rose 21%, outperforming both other asset classes.
Szuster noted that this pattern appears to be repeating amid the current U.S.-Iran conflict. At the time of writing, Bitcoin had risen over 2.2% from approximately $65,800 to around $67,300 since hostilities began—making it the only one of the three assets to post positive returns. Gold fell roughly 11%, while the S&P 500 declined 4.4%, marking its largest monthly drop since 2022.
Szuster added that despite its higher volatility, Bitcoin has been the top-performing asset over the past decade.
