According to BlockBeats, on September 5, Bitcoin has lately started acting like a safe-haven asset. It briefly climbed to $82,262 this week, a four-month high, then slipped back to about $79,800.
André Dragosch, European Head of Research at Bitwise, said investors are more and more treating Bitcoin as a store of value, not just a high-risk tech asset, as macroeconomic uncertainty rises and currency debasement risks grow. He said Bitcoin's 90-day price correlation with gold is now near six-year highs. And in his view, as macro pressure builds and currency debasement risks keep climbing, investors are drawing less of a line between Bitcoin and gold. The result: Bitcoin looks like an "amplified version of gold."
But the four-year cycle theory is still hanging over the outlook. That theory says Bitcoin's bull and bear cycles are closely tied to halving events. Fidelity says that if past cycle patterns keep holding, the next bear market bottom may land around November 2026. Galaxy Research Head Alex Thorn had earlier put the baseline scenario for the current correction's floor at $40,000 to $46,000.
Chris Kuiper, Vice President of Research at Fidelity Digital Assets, warned that the four-year cycle is not a precise timing rule. And it does not automatically mean a decline later this year. He stressed that, historically, investors have done better by keeping a long-term view and holding through cycles.