Is Bitcoin the New Tech Darling or Just Flirting With History?

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Quick rundown (because who has the time?):

  • Bitcoin/Nasdaq ratio flirting with an all-time high — BTC only down 6% this year, Nasdaq sulking at -15%.
  • That cheeky little strategy, MSTR, outperforms QQQ ETF: +6% in 2025 while QQQ’s faceplants at -15%. Seriously, bitcoin’s got swagger.

So here we are, watching Bitcoin (BTC) strut close to breaking out compared to the Nasdaq 100. The BTC/Nasdaq ratio is at 4.96 — which basically means you need almost 5 Nasdaq shares to equal the worth of one bitcoin. Remember that January 2025 party when it hit 5.08 and bitcoin soared past $109k? Yeah, that was wild.

Bitcoin’s been playing the market like a pro, smashing new highs each cycle (hello 2017, 2021, and now 2025). Meanwhile, the Nasdaq looks like it’s stuck in a slow-mo tech hangover. Since the November 2024 Trump shocker, bitcoin’s been partying with a 30% rally, while Nasdaq’s been nursing a 12% hangover. 🍾

Now, the “Magnificent Seven” — the tech big shots — aren’t quite crashing like the broader Nasdaq, leaving bitcoin trailing about 20% from its February glory days. So bitcoin’s flexing strength but maybe not quite the prom queen yet.

And then there’s Strategy (MSTR), basically Bitcoin’s wingman. Since MSTR joined the QQQ ETF shindig in late December, it’s only dipped 11%, while QQQ is practically doing cartwheels down 16%. In 2025, MSTR is up 6%, QQQ is still in the dumps at -15%. Bitcoin’s got moves, and it’s not shy about showing off.

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2025-04-22 12:15