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Bitcoin Updates: Comparing Bitcoin’s Value Proposition to Nasdaq’s Earnings Advantage

Bitcoin Updates: Comparing Bitcoin’s Value Proposition to Nasdaq’s Earnings Advantage

Bitget-RWA2025/10/25 19:26
By:Bitget-RWA

- Nasdaq's Q3 2025 earnings beat forecasts but shares fell 2.5%, while Bitcoin trades at a 34x P/E discount to peers. - Institutional investors favor Bitcoin as a store of value, with $8.7B inflows vs. $9.6B for Ethereum's yield-driven appeal. - Bitcoin's $1.27B corporate holdings and Rumble's tipping feature highlight growing real-world adoption despite retail investor skepticism. - Analysts question $1.6M-$2M Bitcoin price targets, noting they require unprecedented global financial shifts and regulatory

Bitcoin Trades at a Marked Discount Compared to Nasdaq's Value

Nasdaq Inc. (NASDAQ:NDAQ) distinguished itself in the third quarter of 2025, delivering both earnings and revenue that outperformed projections. The financial powerhouse posted a 15% year-over-year revenue increase, reaching $1.315 billion and topping the anticipated $1.297 billion. Adjusted earnings per share came in at 88 cents, exceeding the 85-cent estimate, according to

. In response, analysts raised their price targets: TD Cowen increased its projection to $96 from $94, while Barclays moved its target up to $109 from $108, signaling optimism about Nasdaq’s outlook. Despite these positive developments, Nasdaq’s stock declined 2.5% to $88.12 on Wednesday.

Bitcoin Updates: Comparing Bitcoin’s Value Proposition to Nasdaq’s Earnings Advantage image 0

By comparison,

(BTC-USD) is currently trading at a notable discount when measured against Nasdaq’s valuation. Nasdaq’s price-to-earnings (P/E) ratio stands at 34x, which is in line with peers such as MSCI Inc. (MSCI) and S&P Global (SPGI), trading at 35x and 36x respectively, according to . This indicates that Nasdaq’s valuation is consistent with historical and industry standards. Meanwhile, Bitcoin’s value remains tied to its reputation as a store of value, with more institutional investors choosing it over alternative cryptocurrencies. highlighted an almost $800 billion difference between Bitcoin and the rest of the crypto sector, a gap attributed to changing flows from both retail and institutional investors.

The institutional environment is evolving as well.

(ETH-USD) surprised market watchers by attracting more institutional investment than Bitcoin in Q3 2025, pulling in $9.6 billion versus Bitcoin’s $8.7 billion, as noted by . This trend points to Ethereum’s attractiveness for yield opportunities through staking and its clearer regulatory status, though Bitcoin still leads as a hedge. Despite this, Bitcoin’s institutional narrative continues to draw funds away from altcoins, leaving retail investors on the sidelines.

Adoption in practical use cases is accelerating. Rumble, a video-sharing service, revealed plans to introduce Bitcoin tipping for its 51 million monthly users in partnership with

, as reported by . This feature, expected to launch by December, could broaden Bitcoin’s role in the creator economy. At the same time, SpaceX transferred $133 million in Bitcoin between wallets, reflecting sustained institutional activity, according to . Tesla, another company led by Musk, currently holds 11,509 BTC valued at $1.27 billion, demonstrating ongoing corporate trust in the asset.

There is no shortage of bold forecasts for Bitcoin’s future. Tom Lee of BitMine projected that Bitcoin could reach between $1.6 million and $2 million if it were to match gold’s total market cap, while Michael Saylor predicted a price of $21 million per Bitcoin in 21 years, according to

. Nonetheless, experts remain cautious, pointing out that such valuations would require extraordinary changes in the global financial system.

Nasdaq’s robust performance and Bitcoin’s growing institutional interest illustrate different directions in the market. While Nasdaq’s valuation remains steady, Bitcoin’s ability to close its valuation gap will depend on wider adoption, regulatory developments, and broader economic trends.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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