Could Bitcoin Be Decoupling from its Status as a Safe Haven?
Bitcoin is struggling to live up to its reputation as a safe-haven asset in 2026, as tensions around the Strait of Hormuz send oil prices sharply higher. Rather than moving independently, the crypto is tracking energy markets more closely, with a notable positive correlation of 0.68 with crude. The disruption in the Strait of Hormuz, a key route for roughly one-fifth of the world’s oil supply, has sent shockwaves through financial markets. Analysts at Goldman Sachs revised their outlook earlier this week, expecting Brent crude to average around $110 through March and April. Prices have already surged, with Brent crossing…





