📊 Current Analysis: While Bitcoin is viewed as a long-term store of value, its price is currently closely correlated with US stocks. When the stock market fell into a state of anxiety, many investors also sold off Bitcoin, considering it as a technology stock.
🔍 When Covid Happened: Initially, Bitcoin decreased in price according to stocks but then increased faster, similar to gold. This shows Bitcoin's resilience and ability as a safe haven asset in times of crisis.
💹 Recent Bitcoin Price: From March until now, Bitcoin has remained in the range of 60-70K USD, without significant fluctuations. This shows a certain stability, although there is no major breakthrough past 70K or a deep drop below 60K.
🌐 Support from Political and Financial Figures:
Former President Trump still supports Bitcoin.
The US Congress is increasingly making positive moves towards Bitcoin.
Game Theory theories about countries storing Bitcoin are still widely discussed.
Wall Street is looking to increase its market share in the cryptocurrency sector.
FED prepares to reduce interest rates which could positively affect Bitcoin.
Summary:
In the world of investing, understanding correlations and predicting financial trends is key. Although Bitcoin has short-term fluctuations, if you look at the big picture, it is gradually establishing its position as a reliable asset in the long term.