According to Cas Abbé, Bitcoin (BTC) is currently outperforming the S&P 500, coinciding with a negative US Q1 GDP report and record-high economic uncertainty (source: @cas_abbe, May 1, 2025). This signals BTC’s evolution into a global hedge asset, as investors seek alternatives amid macroeconomic volatility. The BTC/SPX ratio breakout is viewed as a technical confirmation of this trend, indicating potential for further institutional inflows and sustained upward momentum for BTC relative to traditional equities (source: @cas_abbe). Traders are advised to monitor BTC/SPX ratios and institutional flow data for actionable signals.