Part 5/13:
Another positive development for Bitcoin investors is its recent correlation breakdown with traditional markets. Historically, Bitcoin maintained a strong link with equities, influenced by macroeconomic factors. Now, the 540-day correlation with the S&P 500 has plummeted to near zero, suggesting Bitcoin is starting to evolve as a more independent asset class—less tethered to traditional market swings. This decoupling is facilitated, perhaps, by the narrative of scarcity and its unique market fundamentals.