News

Jeffrey Sachs, an economics professor at Columbia University, recently stated in an interview that over time, the US share in the global economy is declining, and the dollar will no longer be the world's primary currency, which is inevitable. The weaponization of the dollar forces other countries to abandon dollar settlements. Sachs said that the US has weaponized the dollar, frequently using its dominant position to threaten other countries and disrupt trade, which will force other countries to gradually abandon settling international trade in dollars and turn to other currencies. Sachs also predicted that in 10 years, the role of the dollar will be completely incomparable to its current position.

April 22, according to CoinDesk, the current BTC/Nasdaq ratio has reached 4.96, approaching historical highs. Previously, this ratio set a record of 5.08 in January 2025 when Bitcoin reached an all-time high. Historically, each market cycle sees this ratio hitting new highs, highlighting Bitcoin's superior performance relative to Nasdaq. Bitcoin's trajectory is increasingly diverging from that of U.S. tech stocks. Year-to-date, Bitcoin has fallen by 6%, while Nasdaq has dropped 15%. Since November 2024, when Trump was elected, Bitcoin has risen by 30%, whereas Nasdaq has fallen by 12%. Compared to the "Big Seven" tech stocks, Bitcoin is still about 20% below its February peak this year, yet top tech stocks are outperforming the Nasdaq Composite Index. As a representative of Bitcoin exposure, MicroStrategy (MSTR) has also outperformed U.S. tech stocks. Since joining the QQQ ETF, MSTR has fallen 11%, whereas the ETF has dropped over 16%. The divergence in 2025 is even more apparent: MSTR has risen 6% year-to-date, while QQQ has fallen 15%.