Katie Stockton, founder and managing partner at Fairlead Strategies, stated on CNBC’s ‘Squawk Box’ that both the broader equities market and Bitcoin are still in a bull market cycle. She noted that recent market pullbacks have almost been resolved, with the S&P 500 nearing a strong open above 5440.
Despite low volatility, Stockton suggests the market could see an upside explosion as the cycle dissipates. She highlighted Bitcoin’s increasing correlation with the Nasdaq 100, indicating that investors now treat Bitcoin similarly to traditional risk assets.
Bitcoin reached $73k in March but has since struggled, while the Nasdaq 100 has risen since mid-April. Stockton believes both BTC and the stock market could still rise, predicting the divergence will align as investors reassess overvalued stocks like Nvidia.
On Monday, Bitcoin traded around $65,200. This market insight underscores the potential for continued growth in both equities and cryptocurrencies, emphasizing strategic long-term investment opportunities.
