Now that the world is seeing increasing levels of uncertainty, Bitcoin would be a possible contributor. As an asset Bitcoin has proven time and again that it rises more sharply when political and economic issues develop, which I think will bring more institutional investors into the domain to balance their portfolios. It's taking risks and leaps but that's the real investment in technique and the mechanics are individual for sure.
Well, in the past, we have seen that when there is economic uncertainty, the price of Bitcoin also plunged. For example, during the COVID-19 pandemic, BTC dipped below $4k, so did the rest of the stock markets. Arguing that Bitcoin is an inflation hedge is still not a valid argument. Bitcoin is an asset but has and will fluctuate when there is economic pressure.
Everyone is investing in Bitcoin to earn profit. But, when we look at the other side of the picture, it is evident that Bitcoin is not as decentralized as we say. Major institutional investors are increasing their portfolios, and at some point in future, they will manipulate the price at will.