Bitcoin demonstrated strong performance in April 2025, with price gains ranging from approximately 9% to 14% according to various sources. It outperformed both gold and the S&P 500 Index during the month, with Bitcoin's market share reaching a cycle high of 65.8%. This outperformance has reignited discussions about Bitcoin's role as a safe haven asset amid rising policy uncertainty, institutional instability, and global geopolitical tensions including conflicts in South Asia and the Middle East, as well as upcoming US-China talks. Analysts note Bitcoin's immunity to tariffs, confiscation, and third-party risks as factors contributing to its resilience compared to traditional stocks and gold. The asset's recovery followed declines in early April, with Bitcoin gaining over 9% by mid-month, compared to gold's 7% and the S&P 500's 4%. The rising liquidity constraints and macroeconomic volatility have driven investors to seek refuge in Bitcoin and gold, suggesting a potential regime shift in asset preferences.