Franklin Templeton, managing $1.5 trillion in assets, has stated that Bitcoin has decoupled from all major equity indices, highlighting that Bitcoin faces no earnings risk or tariff threats. This view is supported by BlackRock, which also noted Bitcoin's decoupling and raised the question of whether Bitcoin could break back above $100,000. Analysts have pointed out that Bitcoin's separation from the Nasdaq is accompanied by a cycle in which alt season is characterized by Bitcoin treasury companies. Additionally, the Federal Reserve has recently removed Biden-era restrictions on cryptocurrencies, facilitating broader adoption and innovation in digital assets. This regulatory shift has allowed banks to increase their Bitcoin holdings, contributing to Bitcoin's surge above $95,000 last week.