Stock market tariff tantrums over the past few weeks have seen the Nasdaq 100 and S&P 500 abandon all their profits since Donald Trump’s election victory in early November, even though Bitcoin (BTC) remains in positive territory.
Both equity gauges are over 2% lower, while Bitcoin is over 20% in the same time frame.
For example, Nvidia (NVDA), a market leader in demand for chips for use in AI, has been down more than 20% since Trump’s victory. On the contrary, Meta Platform (META) is a standout stake in seven so-called epic tech companies, winning around 10%.
The Bitcoin Buyer Strategy (MSTR) is above 50% from its history high in November, but has risen 20% since the election.
The Bitcoin Bulls are certainly disappointed with their recent price performance, but the world’s biggest cryptocurrency has fallen by about 20% from the $109,000 the day before Trump’s inauguration on January 20th, while the current price has risen by about 20% from the level before the November election.
