On-chain analyst Willy Woo assessed that it could take at least 10 years for Bitcoin to be recognized as a safe haven asset. He explained via X, "With just a seed phrase, BTC allows you to cross borders while holding your assets. It also operates independently of the existing financial system, highlighting its value during financial crises. However, to date, Bitcoin still moves like a risk asset during periods of increased macroeconomic uncertainty or war, and is highly affected by market volatility. This is because institutional and large-scale capital do not consider Bitcoin to be a sufficiently verified asset. Therefore, Bitcoin shows a similar trend to Nasdaq. The market believes that it will take at least 10 years for Bitcoin to be recognized as a safe haven asset. If this time comes, it will grow to a level that competes with gold's market capitalization."
