Bitcoin increased by 656 % despite global tensions

While geopolitical tensions shake the traditional markets, Bitcoin continues to demonstrate its resilience with remarkable cyclic performance. According to Glassnode, the main crypto has a gain of 656 % since 2022, an increase that arouses the attention of analysts.

Strong demand for bitcoin despite a less explosive cycle

Glassnode, in its analysis of June 14, returns to the cyclic evolution of Bitcoin since 2015. The first crypto is currently going through its third Haussier Grand Cycle.

The previous two, between 2015 and 2018 then between 2018 and 2022, had offered spectacular performance of +1 076 % and +1,007 %. The current cycle, started in 2022, has an increase of +656 %for the moment. Less explosive? Yes. Less significant? Far from it.

Glassnode's recent report Stresses that Bitcoin has changed scale. This apparent moderation is explained by a simple reality: “ As a general rule, assets see their exponential growth potential is reduced as their valuation increases “Recalls the analysis.

It is characteristic of the markets arriving at maturity. The example of gold is enlightening: considered as a reserve pillar of value, it only increased “192 % over the last ten years.

The comparison makes sense when you consider the current capitalization of Bitcoin, now more than $ 2,000 billion. Such a weight mechanically limits the speculative outbreaks of yesteryear.

But this “normalization” of performance also reflects its rise in power as a credible financial asset, adopted by an increasing number of institutional investors.

This dynamic is also carried by tools like the Bitcoin ETF, available since January 2024. In a few months, they have captured billions of dollars, facilitating exposure to the BTC for more traditional wallets.

An active refuge that is resistant to geopolitical turbulence

The timing of this analysis comes in a particularly tense geopolitical context. The Israeli strikes on Tehran, in normal times, should have triggered a wave of panic on the so -called “risk” asset markets.

However, Bitcoin only sold 3 % before regaining its stability around $ 106,000. A measured reaction that clearly cuts with the tremors observed on the traditional markets.

This resilient behavior reveals a deep change in the perception of bitcoin. Far from fleeing, the capital flows: the Bitcoin ETF has just recorded their fifth consecutive day of net entries, for a total exceeding $ 1.3 billion, according to Farside Investors data.

At the same time, the Crypto Fear & Greed Index remains perched at 61, a sign that the confidence – or the avidity – of institutional investors remains intact.

This contrast is all the more striking since the Dow Jones has lost 600 points and that the dollar index has passed under 100, a symbolic threshold which translates a decline in the greenback on the world markets.

In this uncertain environment, Bitcoin no longer seems to be perceived as a speculative asset, but as a tool for coverage against monetary and geopolitical tensions.

Admittedly, daily exchange volumes are notable decrease (-35.39 % over 24 hours), which can testify to a phase of caution. But incoming flows on platforms, up 2.4 billion dollars, show that some investors seize the opportunity to secure their earnings or readjust their positions.

The cyclical gain of 656 % of Bitcoin perfectly illustrates its transition to a mature asset, capable of generating substantial yields despite its increasing capitalization. This performance, coupled with its resilience in the face of geopolitical tensions, confirms its credible alternative status to traditional shelters.