Yea, this is a narative that is being pushed lately, but I recelntly did some analysis and in the long-term, five years it is not ... I acts a lot like NASDAQ ... although it might change going forward ...

Here is the analysis where I looked into BTC corelation with GOLD, NASDAQ and GLOBAL LIQUIDITY

@dalz/bitcoin-price-correlation-with-traditional-markets-or-analyzing-the-relationship-with-nasdaq-gold-and-global-liquidity-supply