A potential decoupling scenario between Bitcoin (BTC) and the Nasdaq Composite can push BTC price to reach $100,000 within 24 months, according to Tuur Demeester, founder of Adamant Capital.
Bitcoin outperforms tech stocks
Demeester depicted Bitcoin’s growing market valuation against the tech-heavy U.S. stock market index, highlighting its ability to break out every time after a period of strong consolidation.
“It may do so again within the coming 24 months,” he wrote, citing the attached chart below.
BTC’s price has grown from a mere $0.06 to as high as $69,000 more than a decade after its introduction to the market, as per data tracked by the BraveNewCoin Liquid Index for Bitcoin (BLX).
That amounted to around a 64.50 million percent increase in Bitcoin’s price since 2010. In comparison, Nasdaq’s…
