Bitcoin’s Performance Surpasses Nasdaq Index Over Past Two Years

According to Odaily, Matrixport recently shared insights on social media highlighting Bitcoin‘s significant performance compared to the Nasdaq Index. Historically, Bitcoin has shown a correlation with the Nasdaq, a benchmark index for U.S. technology companies. Over the past two years, Bitcoin has outperformed the Nasdaq Index by 73%. Despite occasional high correlation between Bitcoin and the Nasdaq, the current correlation stands at only 9%. This low correlation suggests that investors can achieve returns that are not tied to the performance of the Nasdaq. Including high-return, non-correlated assets like Bitcoin in an investment portfolio can be an attractive strategy for investors.