Bitwise CIO: Bitcoin may outperform stocks for the first time during a market pullback

TechFlow, April 15 — Bitwise Chief Investment Officer Matt Hougan recently stated that Bitcoin is showing "markedly different" characteristics from previous market corrections. Despite market volatility triggered by Trump's tariff policies, Bitcoin's price has fluctuated only 0.07% over the past month, demonstrating rare stability. Since Bitcoin first surpassed $1 in 2011, it has never outperformed the stock market during a broad market downturn. However, Hougan believes this time could be different. As more corporations, institutions, and governments begin holding Bitcoin, its narrative as a safe-haven asset is gradually replacing its status as a risk asset, signaling growing maturity in the cryptocurrency market.