Bitcoin exhibits safe haven characteristics and its correlation with gold is increasing, and the four-year cycle theory suggests future risks

Bitcoin has recently shown safe haven asset characteristics, rising to a four month high of $82300 this week before falling back to around $79800. Andr é Dragosch, Head of European Research at Bitwise, stated that investors are using Bitcoin as a store of value, and its 90 day price is close to the highest correlation with gold in six years. Fidelity believes that if the historical cyclical pattern holds, the next bear market bottom for Bitcoin may occur around November 2026. Galaxy research director Alex Thorn expects the bottom of this round's benchmark to be in the $40000 to $46000 range. Chris Kuiper, Vice President of Research at Fidelity Digital Assets, believes that a four-year cycle is not an exact time pattern.