As cracks deepen in the global financial system, one name is rising unmistakably above the rest: Bitcoin. According to a recent report by leading digital asset investment firm NYDIG, Bitcoin is not just a top-performing crypto—it’s the only real answer to the accelerating decline of fiat currencies.
The World Is Shaky, but Bitcoin Isn’t
In his latest analysis, Greg Cipolaro, NYDIG’s Global Head of Research, draws a stark contrast between traditional financial markets—marked by volatility and fear—and the relative calm within the crypto space, particularly around Bitcoin.
Despite widespread economic stress, Cipolaro highlights that:
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Bitcoin perpetual swap rates are consistently positive
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Recent liquidations were modest by historical standards
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Futures market indicators reflect ongoing optimism
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Stablecoins like USDT show no major stress signals
These indicators point to a market that, unlike in past crises, is weathering the storm with unusual stability.
Ethereum Falters as Bitcoin Surges Ahead
Ethereum may still dominate the DeFi and smart contract space, but when it comes to performance under pressure, it’s lagging behind. NYDIG points to the ETH/BTC trading pair, which has sunk to levels not seen since 2019, signaling that institutional confidence is shifting decisively toward Bitcoin.
“In times of sovereign uncertainty and declining trust in fiat currencies,” Cipolaro writes, “Bitcoin stands alone. There’s no runner-up.”
This sentiment marks a turning point: while altcoins innovate, Bitcoin secures its role as the macroeconomic anchor of the digital asset world.
What Sets Bitcoin Apart?
There are several reasons Bitcoin continues to draw favor from analysts like Cipolaro:
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Hard Cap: 21 million coins, never to be exceeded
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Decentralized Infrastructure: Immune to centralized tampering
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Monetary Predictability: No sudden policy changes or supply shocks
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Liquidity and Maturity: Now widely held and institutionally integrated
These features make Bitcoin the closest thing to digital sound money, ideal for times when traditional currency systems appear vulnerable.
The Institutional View: Bitcoin as Digital Reserve
NYDIG’s perspective aligns with growing institutional sentiment: Bitcoin is no longer a speculative bet—it’s a financial necessity. With central banks around the world still leaning on inflationary tactics, capital is looking for a hedge—and finding it in Bitcoin.
At the time of publication, Bitcoin is trading near $85,000, a testament to its strength and investor trust even as altcoins struggle to recover their footing.
Conclusion
The message from NYDIG is clear and unflinching: there is no second-best in the battle against fiat erosion. While Ethereum and other projects will continue to innovate in their respective niches, Bitcoin is carving out a singular role—as the global reserve asset of the digital age.
In a world of unstable governments, volatile markets, and eroding trust, Bitcoin offers something rare: consistency, scarcity, and conviction.
FAQs
What is NYDIG’s position on Bitcoin and fiat currency decline?
NYDIG asserts that Bitcoin is the most reliable asset to protect against the erosion of fiat currency value. They emphasize Bitcoin’s monetary consistency, fixed supply, and resilience during economic crises.
Why is Ethereum underperforming compared to Bitcoin in 2025?
Ethereum’s performance has faltered relative to Bitcoin, with the ETH/BTC ratio reaching lows last seen in 2019. NYDIG suggests that Bitcoin's clearer monetary policy and macro hedge appeal give it a decisive advantage in uncertain times.
What metrics support Bitcoin's current market dominance?
Key indicators include positive perpetual swap rates, a healthy futures basis, limited liquidation events, and minimal disruption in stablecoin pricing. These signs point to growing investor confidence in Bitcoin’s stability.
What makes Bitcoin a better hedge than altcoins?
Bitcoin’s fixed supply (21 million coins), decentralized governance, and immutability make it highly resistant to inflation and manipulation—traits that altcoins, which are often still evolving, may lack.