According to analysts, Charlie Morris has reached a new record for Bitcoin, a leading cryptocurrency, compared to the high-tech NASDAQ index.
The ratio of Bitcoin to Nadosac futures (“BitDuck ratio”) is currently rising sharply above 5.
This essentially means that one bitcoin is five times more valuable than a single Nasdaq futures contract.
Bitcoin, which tends to correlate with traditional technologies, far outpaces the sector by acting as a safe haven asset.
As reported by U.Today, cryptocurrency reached $103,000, reaching its highest level in four months.