PANews reported on May 11th, citing CoinDesk, that while Bitcoin and the Nasdaq have surged recently, US consumer confidence has plummeted to a record low, highlighting the widening gap between Wall Street and ordinary consumers. Bitcoin rose 11.8% last month, its largest monthly gain since April 2025, and subsequently climbed nearly 6% to $80,700. The Nasdaq has risen 22% since April 1st to a record high of 23,235 points, while the S&P 500 has gained over 12% to 7,398 points. However, the preliminary reading of the University of Michigan Consumer Survey hit a record low of 48.2 points, down 7.7% from the same period last year.

Alvin Kan, COO of Bitget Wallet, stated that continued institutional capital inflows into AI, semiconductors, and digital assets are driving up the Nasdaq and Bitcoin, with the market pricing in long-term productivity and technological transformation, while households are still grappling with inflation and high living costs. Markus Thielen, founder of 10x Research, pointed out that financial democratization was once a core promise of cryptocurrencies, but reality is moving in the opposite direction. Bitget CEO Gracy Chen predicts this gap will persist, with digital assets attracting new capital seeking asymmetric returns.