BTC is highly concentrated and data show that almost 95% of BTC resources belong to a relatively small number of addresses. Such conditions give the market a 'kick' and increase greed.
I don't fully agree. Ofc it is bad that there are addresses with high amount of coins, but most of those coins belongs to exchanges. Those coins do not belong to the same person, they are only custodial.
Like GOLD etfs for example, which one custodial, like GLD or IAU, hold billions and billions of USD in Gold.
To answer the question: can BTC really be a safe haven? we'll have to find out what is the main problem that keeps it far away from being one?
In my opinion, this is VOLATILITY.
Gold also has high volatility, not as high as btc ofc
But I think volatility is not the major problem. As long as its volatility is not correlated to stock market, it can be somehow a safe haven.