Bitcoin Breaks Free: A New Safe Haven Like Gold? 🥇
$BTC 🧧🧧
Bitcoin is decoupling from the S&P 500, a trend that started in 2023-2024 and may continue into 2025, making it less tied to risk-on assets. Historically correlated with the S&P 500 during 2020-2022, Bitcoin’s narrative is shifting with institutional adoption (e.g., Bitcoin ETFs) and inflation hedging. The chart’s descending triangle suggests a Bitcoin dominance reversal, hinting at an altcoin rally as dominance may drop from 54% to 40%. Yet, Bitcoin’s volatility is declining, and its traits—limited supply, decentralization—mirror gold’s, positioning it as a safe haven. This is long-term bullish, but short-term altcoin outperformance is likely.