Bitcoin is outperforming pretty much every other investment including Gold.
It is far too easy to focus on the last week in the markets and make a comparison,
you gotta zoom out.

Many many traditional investors will still choose Gold as a hedge against inflation and
they might diversify a little into Bitcoin too but when the markets pull back like in the
case of the reaction to the new variant of COVID some investors will sell their Bitcoin
to cover their other investments, so the markets are linked somewhat.