Bitcoin has yet to benefit from a traditional safe-haven rally as recession fears grow and the Federal Reserve’s attention shifts to downside economic risks, according to a new market update from crypto trading firm QCP Capital.
QCP: Bitcoin Lags Gold as Fed Shifts Focus to Recession Risk
“Unlike gold, BTC has failed to capture its safe-haven proposition,” QCP said, noting that the widely promoted ‘alternative store of value’ narrative has failed to gain traction in the current macroeconomic environment.
While gold prices have been rising on recession concerns and expectations that the Fed will take a more accommodative stance, Bitcoin has largely remained range-bound.
The firm emphasized that investor positioning in the crypto market remains defensive, with participants still focused on protecting against further declines rather than taking risks.
“There is a clear lack of conviction in BTC as a macro hedge right now,” QCP said, adding that investors are prioritizing hedging strategies over aggressive accumulation as they await greater clarity from the Federal Reserve and broader macro signals.
The shift in sentiment comes as markets digest increasingly soft economic data and messages from the Fed suggesting policymakers could pause or reverse rate hikes if recession indicators continue to rise.
Despite Bitcoin’s resilience earlier in the year, QCP said current market behavior reflects uncertainty about its role in a potential downturn. For now, traditional safe-haven assets like gold appear to be stealing the spotlight.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/crypto-trading-firm-qcp-capital-compares-gold-and-bitcoin-prices-why-bitcoin-failed-to-rise-here-are-the-details/