Latest evidence [last 6 months] suggests bitcoin is not the new gold. If anything (with a few analysts pointing out that) bitcoin is a hyper charged high risk high return asset ahead of stock market

Which means, bitcoin is negatively correlated to VIX and ahead of [negative] VIX. (observed earlier this year)

If this relationship holds that would mean if we're to see a global financial crisis worse than 2008 later this year in Q4, btc is going to $1K before that.