The X post captures a CNBC broadcast on April 22, 2025, claiming Bitcoin has decoupled from the Nasdaq, meaning its price movements are no longer closely tied to the stock market, a significant shift from their historical correlation of 0.805 as noted by Nasdaq’s Kevin Davitt.
This decoupling is notable amidst recent market turmoil, with the Nasdaq down 12% and a potential bear market looming, as Peter Schiff warned in March 2025 that a 40% Nasdaq drop could push Bitcoin to $20,000, though Bitcoin’s resilience suggests growing institutional support via ETFs.
The “digital gold” narrative is gaining traction, with Bitcoin slightly down year-to-date while gold has surged 6% in April 2025, per CNBC, indicating Bitcoin may be evolving as a unique asset class despite earlier skepticism from experts like Mike Novogratz.
