As traditional markets suffered their worst two-day loss in history, Bitcoin remained remarkably resilient — reinforcing its growing status as a hedge against macroeconomic instability. Over $5 trillion was wiped off the S&P 500 following U.S. President Donald Trump’s sweeping reciprocal tariffs, yet Bitcoin dipped just 3.7%, maintaining its crucial $82,000 support.Stocks See Record Decline — Bitcoin Defies the TrendAccording to an April 5 Reuters report, the S&P 500's $5 trillion loss exceeded even the historic $3.3 trillion crash during the March 2020 COVID-19 panic. The catalyst? Trump’s April 2 executive order imposing tariffs on all imports, aimed at slashing the U.S. trade deficit and boosting domestic production.In stark contrast, Bitcoin's modest pullback has raised eyebrows across the financial world.“We’re potentially witnessing an evolution in Bitcoin’s market positioning,” said Marcin Kazmierczak, COO of RedStone.“This divergence might signal an emerging perception shift among investors.”Bitcoin: From Risk Asset to Digital Gold?Historically, Bitcoin (BTC) has tracked traditional risk assets like stocks during global shocks. But analysts say that dynamic is changing:BTC only fell 3.7% over the two-day equity market carnage.It held firm above $82,000, showing structural demand even amid forced selling.Meanwhile, major equities collapsed — Tesla (-10.42%), Apple (-7.29%), and Nvidia (-7.36%).“Bitcoin’s fixed supply contrasts sharply with fiat currencies that risk inflation under tariff-driven policies,” added Kazmierczak.Experts Say BTC’s Upside Still IntactDespite short-term uncertainty, industry experts remain bullish for Bitcoin in 2025:Nexo analyst Iliya Kalchev noted that BTC’s ability to hold firm “shows its worth” during macroeconomic stress.DFG CEO James Wo believes Bitcoin’s ETF-driven institutional exposure now makes it more reactive to global trends, but also more resilient.Real Vision’s Jamie Coutts projects that growing M2 money supply could push Bitcoin to $132,000 before the end of 2025.“If Bitcoin can stay resilient through Trump’s trade war, it will further validate its ‘digital gold’ narrative,” Wo told Cointelegraph.Bottom LineAs investors grapple with escalating trade tensions and historic stock market volatility, Bitcoin’s relative stability may signal a turning point in how the asset is perceived. If this trend continues, Bitcoin could solidify its role not just as a speculative asset — but as a reliable store of value in turbulent times, according to Cointelegraph.