Over the past two years, the Nasdaq has gained 80%, while Bitcoin has gained 386% — albeit with average declines of 20%. Both markets have seen notable corrections, ranging from 7% to 13% for the Nasdaq, largely triggered by weak US jobs data, recession fears, and Japan’s surprise rate hike that rattled global carry trades. Tech giants like Nvidia have been hit especially hard by profit-taking, but have managed to recover in line with the broader market recovery.

Despite the possibility of more volatility as central banks keep interest rates higher, the main positives still line up across both markets: a supportive policy environment in the US, strong institutional inflows, and continued innovation — be it AI in stocks or blockchain in cryptocurrencies. Inflationary pressures and tariff wars remain concerns, but the overall trajectory is tilted toward growth