Bitcoin’s Safe Haven Status Challenged: RedStone Analysis Shows Diversification Potential

A new report from RedStone challenges the widely held belief that Bitcoin (BTC) is a safe-haven asset, similar to gold. Instead, the data-backed analysis suggests BTC’s strongest role lies in portfolio diversification. analyzing a year’s worth of correlation data between Bitcoin and the S&P 500 using 30-day trailing windows, RedStone found that despite occasional short-term market fluctuations, BTC exhibits a unique uncorrelated behavior compared to traditional safe haven assets such as bonds or gold.