title: Bitcoin (BTC) Starts Acting as a Safe Haven Asset, Decoupling from the Stock Market

Chainlink (LINK) creator Sergey Nazarov says that the flagship cryptocurrency appears to be decoupling from the stock market and behaving more like gold

Chainlink (LINK) creator Sergey Nazarov says that flagship cryptocurrency Bitcoin (BTC) is starting to act like a safe haven asset and decouple from the stock market.

Speaking to Fox Business, Nazarov says that the flagship crypto appears to be decoupling from the stock market and behaving more like gold.

Speaking to Fox Business, Nazarov says that the flagship crypto appears to be decoupling from the stock market and behaving more like gold.

“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.”

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 says 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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