RE: "Bitcoin is Gold" narrative is dead.
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BTC is absolutely a safe haven asset, specifically for the crypto market; when the market is crashing and people fear for the future, they always retreat into Bitcoin. Massive corporations and even governments do not put BTC on their balance sheet for nothing. The fact is, the world has accepted BTC at this point, it is far past the danger of failing.
People have faith that if they put money into BTC, they can come back in 5 years and it will be a higher value than they started with, without having to worry. Can they come back in 5 weeks and expect it to be the same value or higher with a high degree of confidence? No. In the short term it will be volatile, but in the long term they absolutely can have that confidence.
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