Bitcoin’s relative strength against US equities appears genuine, but it remains to be proven as structural. The analysts cautioned that Bitcoin has previously seen brief periods of outperformance followed by a return in line with broader market trends. Cointelegraph reported recently that Bitcoin is increasingly decoupling from stock correlation and mirroring gold’s upside performance. This trend is reflected in the recent 7.68% gains for Bitcoin over the past 30 days compared to S&P 500’s 6.79% decline. Conversely, Nvidia (NVDA), known for outperforming Bitcoin in the past decade, has seen a significant decline of 15.4%. This drop is attributed to China’s advanced chip export restrictions and tariff-driven volatility. In May 2024, Swan Bitcoin CEO Cory Klippsten expressed skepticism about Nvidia exceeding Bitcoin’s performance over the next decade. Bitfinex analysts described the current crypto market as a “hybrid state,” with rising economic risk on one side and increasing spot Bitcoin ETF inflows on the other. A record $913 million in spot Bitcoin ETF inflows were recorded in April alone, marking the highest level since late January, further bolstering Bitcoin’s position as a store of value. 64.39% dominance for Bitcoin indicates its strength. The analysts believe that this current market situation positions Bitcoin as a