Bitcoin's increasing correlation with the Nasdaq is challenging its status as 'digital gold.' Traditionally viewed as a hedge against inflation and a safe-haven asset, Bitcoin's price movements are now closely mirroring those of the Nasdaq, particularly during market downturns and tech stock sell-offs. This trend indicates that investors are treating Bitcoin more like a risk asset rather than a stable store of value. The integration of Bitcoin into mainstream financial markets, such as through ETFs and futures on the Nasdaq, has contributed to its volatility. This development undermines Bitcoin's appeal as a safe-haven asset, as its price fluctuations align more with tech stocks than with traditional safe-haven assets.