Kaiko: Bitcoin’s safe-haven status strengthens despite recent pullback

According to a report by Kaiko, despite recent price retracements, Bitcoin's safe-haven status has been strengthened. The report states: "Overall, Bitcoin's returns are significantly higher than other traditional safe-haven assets such as gold, US bonds, or the US dollar. Its performance is significantly better than the market, attracting safe-haven funds during last year's US banking crisis." In addition, the 60-day correlation between BTC and the Nasdaq 100 index has significantly decreased over the past year, further supporting its image as a safe-haven asset.