Bitcoin no longer fears Jerome Powell

Bitcoin (BTC) remains firm in front of the high interest rates of the Federal Reserve (Fed), marking an increasingly independent path.

The price of digital currency already exceeded $ 110,000 and has achieved historical maximums recently. All this, Despite a restrictive monetary policy That, in theory, usually stops the so -called “risk” assets.

This behavior suggests that Bitcoin is progressively consolidating its own narrative, less tied to the decisions of Jerome Powell and the Fed, and more linked to its growing adoption and institutional interest, as well as its unique foundations.

For years, Each Fed movement directly hit Bitcoin. Interest rates ups ads caused falls in their price; Expectations of cuts, on the other hand, promoted increases. This pattern linked Bitcoin with speculative assets that are also sensitive to monetary policy, including high -risk actions and raw materials.

As can be seen in this tradingeconomics graph, every time there was an increase in rates, the price of BTC tended to fall. And vice versa, when the types went down, the bitcoin price increased.

However, since 2024, the stage is clearly changing. Of course, it is not a sudden change, but it is giving little by little.

With interest rates above 5% for months, an environment that, in general, disadvantages investment in risk assets, Bitcoin has not only resisted, It has prospered.

Show this is that the price of BTC has not only increased and exceeded USD 100,000, but continues to break recordswhich challenges traditional expectations.

There are several factors explain this resilience. For example, positive flows to Bitcoin Bag (ETF) funds have grown significantly since its launch in January 2024, reflecting a sustained institutional interest, As can be seen in this Coinglass chart:

In addition, large investors, among which coverage funds and multimillion -dollar corporations, come in Bitcoin an asset with long -term potentialbeyond the monetary cycles that characterize it.

This has made hundreds of financial companies and other items, such as health, sports and technology, They have begun to accumulate BTC as Treasury Assetsas can be seen in this Bitcintreasuries graph:

On the other handthe narrative of “hard digital money” gains strength in the forefrontespecially among those who seek alternatives to the traditional financial system. This is remarkable, since BTC is beginning to be understood as digital gold and its adoption as a reserve asset is growing consistently (also promoting its price). This is seen in this chart of Capriolle Investments, which shows the btc price closely following the precious metal:

Bitcoin “independent”

This perception of hard money, combined with global adoption and investment in emerging markets, reinforces Bitcoin’s demand among investors of all kinds. Increasingly one more independent of macroeconomic conditions.

The change in Bitcoin dynamics It is also reflected in its correlation with other assets. Before, its price used to move along with technological indexes such as Nasdaq, falling when rates rose and appetite for risk decreased. But now, that correlation weakens, as seen in this tradingview graph. Bitcoin recovery is a much higher and more accelerated percentage than traditional assets.

In addition, Bitcoin responds less and less to traditional macroeconomic indicators, such as Fed rates, Wall Street actions or treasure bond yields, and more to events related to institutional investment.

This gradual decoupling suggests that Bitcoin is maturing as an asset class. That is, it is not a technological action or a speculative bonus. Instead, it is already seen as a financial instrument that has its own foundations.

In essence, its limited offer, with a maximum of 21 million units, as well as its decentralization, differentiate it from traditional assets. In this way, while monetary policies can manipulate the supply of fíat money, Bitcoin operates under immutable ruleswhich reinforces its appeal as a reserve of value in times of economic uncertainty.

The current context reinforces this idea. In 2025, with even high interest rates and Fed maintaining a cautious posture in front of inflation, Traditional risk assets face pressures.

However, Bitcoin is still solid. And this promotes, for example, the fact that institutional investors continue to accumulate BTC (directly and indirectly, through ETF), as well as that the use of exchanges remains robust, an indicator that the market is heating.

Now, this does not imply that Bitcoin is completely immune to macroeconomy. Global shocks, such as a severe recession or drastic regulatory changes, They could impact their price.

But Bitcoin’s ability to resist a high -rate environment demonstrates that his narrative is evolving And that is getting stronger. It is no longer just a speculative asset that goes up or down at the mercy of Powell’s words. Bitcoin begins to compose his own music, one that resonates with those who seek an alternative financial system.

The market in general is beginning to understand this new reality. As more actors recognize the unique foundations of Bitcoin, its dependence on the decisions of the Fíat system is reduced. If he danced to the rhythm of the Fed, today marks his own beat.

---

Discharge of responsibility: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of cryptootics. The author’s opinion is informatively and under no circumstances constitutes an investment recommendation or financial advice.