Max Keiser, a prominent financial journalist and advisor to the president of El Salvador on Bitcoin issues, has taken to social media to challenge the popular narrative linking Bitcoin to tech stocks.
Bitcoin and Its Independence
Keiser commented on a statement by Ritholtz Wealth Management CEO Josh Brown, who claimed that Bitcoin has 'decoupled from Nasdaq.' Keiser emphasized that 'Bitcoin was never coupled with anything,' adding, 'Everything goes to zero against Bitcoin.'
Experts' Opinions on Correlation with Nasdaq
Bloomberg Intelligence's senior commodities strategist Mike McGlone has also commented on Bitcoin's correlation with the Nasdaq index, predicting that Bitcoin might crash similarly to the dot-com bubble burst in 2000.
Bitcoin Surges to $95,000
Recently, Bitcoin reached the $95,000 mark, driven in part by the appointment of pro-crypto SEC chairman Paul Atkins, who pledged to establish a fair regulatory framework for digital currencies.
The ongoing debates regarding Bitcoin's correlation with tech stocks highlight critical aspects of the cryptocurrency market, particularly in light of recent growth and regulatory changes.
