Why bitcoin's disconnect from record-high stocks won't last

Bitcoin has lagged record-high equities as U.S. tech stocks rally on AI, but asset managers Hashdex and Charles Schwab say the divergence is likely temporary, according to CoinDesk. Hashdex CIO Samir Kerbage said capital has rotated toward AI and other narratives even as crypto fundamentals strengthen, citing stablecoin transaction volume in the first half exceeding all of 2025 and tokenized real-world assets up more than 60% year to date. Schwab’s Jim Ferraioli said bitcoin’s slow rebound fits past post-halving cycles, with miner production costs near $95,000 and average investor cost basis around $80,000.