Bitcoin may be transitioning from a volatile asset to a safe haven similar to gold, as it shows signs of decoupling from traditional risk assets.
Weakening correlation with equities, institutional inflows through U.S. spot Bitcoin ETFs, and increased accumulation by long-term holders indicate this shift in market behavior.
On-chain data reveals long-term holders accumulating significant amounts of Bitcoin, suggesting a shift towards viewing it as a durable store of value.
Developer activity, shifting public sentiment associating Bitcoin with terms like 'safe haven' and 'digital gold,' and sustained technical development further support the idea that Bitcoin is evolving into a safer asset.