On the flip side of this - namely reality - is that Bitcoin and Gold have been well correlated in price action with the DJI (not perfectly of course but across general trends). I see Bitcoin as a wild ride.
Overall I'm bullish over say a 20 year time frame. But in the short term - over the next year or two, I'm bearish. If the DJI corrects south, my estimation of probability is for Gold and BTC to head south. At that point in some deep trench would be a sweet buying opportunity.
I still think the DJI is due for a very major correction (and therefore BTC and Gold). I say that because DJI is being pumped up on absolutely hot air. This is almost purely built on greed and hope - not true tangible value. Reality always comes round to bite. COVID was the first big bite in the first quarter of 2020. It's coming around again. Economies are shutting down. The disconnect of stock indices prices from real worth is likely to be resolve. I foresee major pain. Hence pain for gold and btc in the shorter term (year or two).