Bitcoin’s recent surge past $94,000 has sparked a re-evaluation of its role in global markets, with analysts at brokerage firm Bernstein suggesting investors are increasingly treating BTC as a hedge against economic risks and geopolitical uncertainties. Their strong conviction is exemplified by senior analyst Gautam Chhugani, who described the current rally as the strongest he’s seen in his years covering cryptocurrencies. [Insert relevant data or statistics here about Bitcoin performance] Chugani highlights Bitcoin’s resilience during recent equity market volatility, noting that BTC held its ground during the Nasdaq dip and outperformed its recovery, reinforcing Bitcoin’s role as a stable asset amid shifting macroeconomic conditions. According to Chugani, investors are now viewing Bitcoin more as a non-sovereign store of value against geopolitical risk and currency debasement caused by concerns over central bank policy errors and rising global tensions. This perception aligns with Bitcoin’s outperformance against traditional assets such as tech equities and even gold over the past week. Institutional adoption of Bitcoin is fueling this narrative, evident in record ETF inflows and growing whale activity on platforms like Binance and Coinbase. This suggests a possible long-term shift in how BTC is integrated into diversified global portfolios according to analysts at DL News.