Macro Uncertainty Keeps Retail Investors on Edge
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Bitcoin US-listed ETF market capitalization, USD. Source: CoinGlassRetail skepticism is also being shaped by macro and geopolitical risks. Search interest for crypto remains near yearly lows, suggesting fading public attention. At the same time, assets like silver have recently outperformed, drawing short-term traders away from crypto markets that are perceived as more volatile during periods of uncertainty.
Concerns around central bank independence, future economic stimulus, and escalating geopolitical tensions have further clouded sentiment. Bitcoin has yet to consistently prove itself as a defensive hedge in turbulent times, leaving retail investors cautious even as institutions continue to accumulate—highlighting a growing divide in how different market participants view crypto’s role.