Max Keiser Dismisses Bitcoin-Nasdaq Correlation as BTC Surges to $95,000
Max Keiser Challenges Bitcoin-Nasdaq Correlation Narrative
Max Keiser, a prominent Bitcoin maximalist and advisor to El Salvador's president, has rejected the idea that Bitcoin is correlated with tech stocks like the Nasdaq. He emphasized that Bitcoin operates independently, stating, "Bitcoin was never coupled with anything," and reiterated his prediction of Bitcoin reaching $220,000.
Counterpoints from Financial Experts
Josh Brown, CEO of Ritholtz Wealth Management, noted Bitcoin's recent decoupling from the Nasdaq. Mike McGlone of Bloomberg Intelligence warns of a potential crash, drawing parallels to the Nasdaq's 2000 dot-com bubble burst.
Bitcoin Surges to $95,000 Amid Regulatory Optimism
Bitcoin's price surged to $95,000, fueled by the appointment of pro-crypto SEC Chairman Paul Atkins, who pledges to establish a fair regulatory framework for digital currencies. This development has bolstered market confidence in Bitcoin's future.
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