Can Bitcoin break out vs. tech stocks again? Nasdaq decoupling paints $100K target

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'The view is great from up here.' - Bitcoin, probably. Bitcoin's outperformed Nasdaq in the last ten years.

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.BTC/USD vs. Nasdaq Composite weekly price chart. Source: Tuur Demeester, StockCharts.com

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 .That amounted to around a 64.50 million percent increase in Bitcoin's price since 2010. In comparison, in the same period come to be nearly 650% — from 20.99 points on June 22, 2020, to 171.54 as of Feb. 18, 2022. As a result, Bitcoin's market cap has grown to $755 billion compared to Nasdaq's $28.68 billion.Bitcoin's history so far has witnessed multiple periods of its

 

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