Bitcoin has opened the week higher in what some prominent industry voices are flagging as a sign that BTC may be starting to act as a safe haven asset.
Chainlink (LINK) creator Sergey Nazarov says that the flagship cryptocurrency appears to be decoupling from the stock market and behaving more like gold, Fox Business reports.
“Bitcoin is starting to behave as a safe haven asset, and there’s more and more instability in the world… For the first time now, it’s starting to get decoupled from tech stocks. So, if you wanted to choose a second safe haven asset after gold, bitcoin would now be a logical choice.”
Johann Kerbrat, senior vice president of Robinhood Crypto, told Fox Business that people are beginning to see Bitcoin as a reserve asset.
“And so, when there is a bit of instability in the market or in the globe, they actually use bitcoin as a reserve currency.”
And crypto asset manager Bitwise says publicly traded companies are increasingly looking at BTC as a reserve asset rather than a speculative, risk-on investment.
In a new report, Bitwise states that corporate Bitcoin holders increased their collective holdings from 394,131 to 786,857 BTC over a six-month period, from November 15, 2024, to May 15, 2025.
The increase amounts to 392,726 BTC, which is equivalent to 196,363 BTC acquired per quarter.
At time of writing, BTC is trading at $110,318, about a 1.2% move away from new all-time highs.
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