Bitcoin's price recorded a record high this week, surpassing the level of 123,000 dollars, amid notable performance that exceeded traditional market indicators.

Over the past 30 days, Bitcoin's price has increased by nearly 13%, compared to 4.73% for the 'S&P 500' index, indicating a significant acceleration in investor appetite for the digital asset, especially amid the decline in stock performance.

This price superiority is reflected in the increase of the positive correlation between Bitcoin and the 'S&P 500' to 72% by July 11, after being negative at the beginning of the month.

And although both are trading near historical levels, the pace of Bitcoin's rise is faster, thanks to its smaller market size and the nature of its developing market. Here are four signs indicating a fundamental shift in Bitcoin's valuation:

Price breakout and surpassing a market value of 2 trillion:

Bitcoin's market value reached 2.34 trillion dollars, adding a trillion dollars in about 13 months.

This accelerated growth, driven by flows from 'Wall Street' to traded cryptocurrency funds, has helped Bitcoin surpass major companies like 'Google' in market value, even exceeding the global traded value of silver. With its reliance on blockchain and ease of global transfer, Bitcoin stands out as an alternative asset superior to traditional metals in some aspects.

U.S. government adoption in the housing sector:

For the first time, Bitcoin can be used as collateral for federal housing loans through 'Fannie Mae' and 'Freddie Mac' programs, without the need to convert it into dollars.

This shift represents a significant regulatory step that enhances the legitimacy of cryptocurrencies, transforming them from an investment tool into a financial asset that can be integrated into traditional banking operations.

Increased institutional and venture capital entry:

In recent months, there has been an acceleration in the entry of institutions and companies into the Bitcoin market.

The company 'Murano Global' signed a financing agreement to purchase up to 500 million dollars worth of Bitcoin, reflecting the confidence of emerging companies in crypto markets as a hedge and financing tool.

Other companies are adopting similar strategies, reshaping the institutional investment model in the sector.

Surprising movement of Bitcoin addresses since 2011:

Recently, the market witnessed the movement of 80,000 Bitcoins that had been frozen since 2011, raising speculation about the intentions of their owners to benefit from the current upward wave.

Whether these coins are sold or not, their movement at this time reflects the reaction of major players to market changes, as risk capital returns to support emerging blockchain companies at increasing rates for the first time since the peak of 2022.

In light of these developments, it seems that Bitcoin is undergoing a qualitative transformation from a speculative asset to a central element in the global financial system.