Bitcoin Outshines Gold, Tech Stocks in April Amid Tariff Turmoil

Bitcoin has surged past gold and tech stocks alike in April, rekindling the debate over whether the largest cryptocurrency serves as a refuge from market turmoil such as the strife triggered by sweeping US tariffs.

President Donald Trump’s announcement of reciprocal tariffs on April 2 — what he referred to as “Liberation Day” — sent shockwaves across global markets. The Nasdaq Composite is down 0.2% since the day before, while the Bloomberg Dollar Index slipped around 4%. Gold, a go-to refuge in periods of uncertainty, rallied to a record high of $3,500 an ounce before paring some gains, to ...