If Bitcoin now correlated with stock market, whats the point buying it?

So if bitcoin now is directly correlated with stock market and reacts same with all kinds of economical events, rate cuts, inflation etc. whats the point buying it and taking such risk when you can just invest in stock market and have way less risk to lose money. I thought it was hedge against the inflation and devaluing dollar, but it seems that it goes right down the line with the dollar and USA economy...