That makes it bitcoin different from the other asset class, now crypto has proven that they are not correlated with stocks because it can make its own recovery without depending on stocks, there's a huge money on crypto, almost 200 billion in trading volume in overall, that's a big money entering in crypto and this growth is not only for bitcoin, the altcoins market has been increasing significantly as well.
It looks encouraging but it still needs more time. You can't base any declaration on action spread over a day or two, especially when it's coming back from such a ludicrous move downwards. And of course you can't be truly sure until it has all been over for several months.
I truly agree with you, but we can't neglect what is happening now, after a big dump we are seeing some big improvement on the price of bitcoin and this is very positive because some thinks bitcoin is already over when it dump 50% in just days, but now we are here, we can prove that bitcoin is a strong asset that we can trust as a long term investment.
So another scenario, what if bitcoin dump again this month back to $4000, well, i guess people will already believe that bitcoin is going to bounce back again, so what is happening today is really helpful, this is the first time I saw it bounce back amidst the corona virus panic.