DEFUUNKS BitCOIN ‘Safe Haven’ report highlights the diversification role

Since Bitcoin (BTC) finally violates the $ 100,000 brand after weeks of trembling, a new report from Redstone represents a challenge one of the most repeated singing rich in Crypto: BTC is one of the safe armed assets similar to gold.

Common data -backed analysis with Cryptopotato He suggested that the best role for Bitcoin is not a preventive hedge against inflation, but as a dynamic portfolio diversity.

The issue against BTC as a safe haven

The Redstone report separates a year’s link between Bitcoin and S&P 500 using Windows for 30 days. While the accidental negative connections occurred during the 7 -day short windows, which fueling the gossip from the separation of bitcoin from the stocks, the most accurate image is more accurate.

According to the Oracle provider, the correlation values ​​between -0.2 and 0.4 fluctuated, which is away from the strong negative link below -3 needed to qualify BTC as a real hedge. Despite the independence periods affected by the “market noise”, there was no sustainable adverse relationship to justify the “hedge” mark.

The study indicates that the value of Bitcoin lies in unrelated behavior instead of the associated anti -behavior. Unlike bonds or gold, which often Rise When the arrows fall, Bitcoin goes to its shield. According to the Redstone analysis, this makes the largest encrypted currency in the world through the maximum use of a useful wallet diversity but unreliable hedging against market accidents.

The effects of the market

The company has identified two main effects of the market participants. First, low to moderate BTC interconnection with shares can improve modified returns by risks, but will not constantly protect the market shrinkage.

Second, investors should be cautious about short -term novels. While Bitcoin may move independently of stocks at times, these stages tend to be temporary, which makes the risk of excessive adherence based on transient correlation shifts.

“If Bitcoin really moves until it is treated as a safe origin, and the approval of the risk, we will see the narration the most depth origins in modern financial history,” indicated by Marin Kazimerzac, co -founder of Redstone & Coo. “I think this is possible. But certainly not in a short period of time like encrypted believers want to be.”

Meanwhile, the price of BTC leads newspaper headlines after an increase of more than 33 % last month. At the time of writing this report, the main cryptocurrency trading was about $ 103,577, an increase of 4.1 % in the past 24 hours per Coingecko.

However, despite the bullish momentum, it is still behind the broader encryption sector, as the 7.4 % pump failed throughout the week to match the rest of the encryption market by 8.8 %.