Bitcoin's correlation with traditional market asset classes has decreased, with its correlation with gold dropping to 11% as of May 31st. Over the past three months, Bitcoin has outperformed major commodity assets like crude oil, gold, and silver, with a growth rate of 14.5%.

This growth has reinforced Bitcoin's narrative as a safe-haven asset, particularly during economic downturns. Its scarcity and increasing utility, including the creation of non-fungible tokens and stablecoins, have also contributed to its value appreciation.