If we look at the end of the chart, I think it clearly indicates FOMO, and as we might expect, it seems that this is at least partly due to AI-related stocks.
Nasdaq: Composite Surges to All-Time High of 26,247 as AI Stocks and Strong Jobs Data Fuel Record RallyThe problem with a chart like this is that you don't know when that near-vertical trend is going to end.
In comparison, if we look at Bitcoin’s price chart over the past few years, it has underperformed slightly, and there’s no sign of FOMO anywhere.
But in any case, it breaks with the past trend in which Bitcoin outperformed the Nasdaq over five-year periods.
What do you think? Could there be a bubble in AI stocks that might burst in the future? If that happened, would it benefit Bitcoin?
