Vivek Ramaswamy praises Bitcoin amid falling markets
Bitcoin gains political support as U.S. stocks collapse.
Bitcoin is emerging as a favored hedge in the midst of a deteriorating U.S. stock market, according to political and economic voices.
Vivek Ramaswamy, Ohio gubernatorial candidate, echoed bullish sentiment on Bitcoin in response to Tether CEO Paolo Ardoino, as major U.S. indices plunged and crypto capital inflows surged, reports Cryptopolitan.
Key Takeaways
- BTC Outperforms Stocks: A $1,000 Bitcoin investment five years ago is now worth $12,210, compared to $2,040 in the S&P 500.
- Equity Rout vs. Crypto Inflows: U.S. stocks lost $6.6 trillion in two days while crypto markets saw $5.4 billion in capital inflows.
- BTC/SPX Bullish Pattern: Bitcoin’s ratio to the S&P 500 has completed a bullish inverse head-and-shoulders, suggesting more upside.
- Political Support Grows: Ramaswamy and institutional sentiment point to Bitcoin as a long-term hedge against financial instability.
Stocks Plunge, Bitcoin Stands Tall
U.S. equity markets experienced their worst two-day collapse in history, with over $6.6 trillion in market value wiped out post-Liberation Day. The S&P 500 fell 6%, the Dow Jones Industrial Average lost 11.9%, and the Nasdaq tumbled over 22% from its peak. The selloff was triggered by new trade tariffs introduced by President Trump, stoking fears of economic isolation.
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In stark contrast, Bitcoin saw capital inflows of $5.4 billion during the same period. Analysts cite growing institutional interest and public distrust in traditional markets as key reasons for the shift. Ramaswamy’s endorsement of Bitcoin as an economic hedge adds weight to this transition, especially amid broader macroeconomic instability.
BTC/SPX Ratio Signals Uptrend
Technical analysts are paying close attention to the BTC/SPX ratio, which recently completed an inverse head-and-shoulders pattern — often a signal of bullish continuation. The breakout above the neckline at 15 and subsequent bounce suggest rising relative strength for Bitcoin over stocks.
S&P500/BTC ratio. Source: BiTBO
With BTC now supported in the 13–15 ratio range, market watchers believe a long-term uptrend is forming. This zone coincides with Bitcoin’s 2021 cycle peak against the S&P 500 and is now viewed as critical support.
Additionally, Bitcoin’s immunity to earnings compression and international tariffs makes it an increasingly appealing asset in the current climate. Analysts suggest the presence of institutional and sovereign players (including potential U.S. government involvement) adds further legitimacy and support.
Outlook: Bitcoin Resilience Amid Market Chaos
While traditional equity markets continue to bleed, Bitcoin is showing relative strength. BTC is trading at $83,000 with eyes on breaking the $85,000 resistance. A move beyond that could open the path to the recent high near $90,000.
With endorsements from political figures like Ramaswamy and institutional optimism rising, Bitcoin is poised to play a central role in navigating financial uncertainty. The macro narrative is shifting — and BTC appears to be on the winning side.
Recently we wrote, that The U.S. stock market lost more than $3.25 trillion in value on April 4, a staggering drop that eclipses the entire market capitalization of cryptocurrencies, which stood at $2.68 trillion at the time.
