#CNBCnews

🇺🇸 CNBC JUST SAID #BITCOIN IS OBVIOUSLY DECOUPLED FROM THE NASDAQ

 🇺🇸 CNBC channel has clearly stated that Bitcoin is now distinctly separate from the NASDAQ.

Recent reports from CNBC indicate that Bitcoin has begun to operate independently from the Nasdaq, suggesting that its price fluctuations are no longer closely associated with the stock market. This shift is noteworthy, especially considering their historical correlation of 0.805, as highlighted by Kevin Davitt from Nasdaq. The narrative of Bitcoin as 'digital gold' is gaining momentum, as its performance increasingly diverges from conventional market trends.

A CNBC broadcast on April 22, 2025, highlights that Bitcoin has begun to move independently from the Nasdaq, indicating a significant change from their previous strong correlation of 0.805, as pointed out by Kevin Davitt of Nasdaq. This shift is particularly striking given the current market instability, with the Nasdaq experiencing a 12% decline and fears of a bear market on the horizon.

 Peter Schiff had cautioned in March 2025 that a 40% drop in the Nasdaq could see Bitcoin's value plummet to $20,000. However, Bitcoin's apparent strength suggests it is gaining institutional backing through ETFs. 

The narrative of Bitcoin as digital 🪙 gold is becoming more popular, as Bitcoin has only slightly decreased in value this year while gold has risen by 6% in April 2025, according to CNBC. This trend indicates that Bitcoin may be establishing itself as a distinct asset class, despite previous doubts from analysts like Mike Novogratz.