Bitcoin’s Rally Could Collapse With Nasdaq, Top Economist Warns

Bitcoin’s Rally Could Collapse With Nasdaq, Top Economist Warns

In his view, the cryptocurrency has been moving in lockstep with the stock index, thriving during market optimism but vulnerable when sentiment turns. Zeberg points to what he describes as a “second technology bubble,” fueled by investor enthusiasm and soaring valuations. [readore id=”101239″] He highlights that the U.S. market cap-to-GDP ratio now sits well above historical averages, even surpassing pre-2008 financial crisis levels. Such an ove…

Here’s how ‘Nasdaq bubble burst’ will ‘crater Bitcoin’

Economist Henrik Zeberg has warned that Bitcoin (BTC) is far from being a unique safe haven, instead describing it as a highly risk-prone asset that mirrors the performance of the Nasdaq. According to Zeberg, both markets are closely interconnected due to their ties to the technology sector, he said in an X post on August 9. Nasdaq and Bitcoin chart. Source: TradingView His analysis, supported by historical price movements, shows Bitcoin and the…