Recent geopolitical tensions have triggered sharp moves across global markets, with oil prices rising, the dollar strengthening, and equities facing pressure. In contrast, Bitcoin has shown relative resilience, prompting fresh debate over its role during periods of macro uncertainty. At the time of writing, the cryptocurrency is trading at around the $74,000 mark. While correlations with risk assets remain strong, short-term divergences have emerged. In this interview, Sonali Gupta, Senior Research Analyst at AMINA Bank, discusses the drivers behind Bitcoin's recent outperformance, the impact of derivatives and institutional flows, and how evolving regulation, market cycles, and infrastructure developments could shape the trajectory of crypto markets in the months ahead.