A widely followed crypto analyst is warning that big tech stocks and digital assets could perform poorly for years to come.
In a new strategy session, DataDash host Nicholas Merten tells his 512,000 YouTube subscribers that tech giants and crypto assets, including Bitcoin (BTC), could put up lackluster gains over the next several years.
“One of the worst performing assets of the next couple years could be cryptocurrencies and the FAANG stocks, or the big technology companies. I’m talking about Facebook, Amazon, Netflix, Google, Microsoft, Apple, the huge technology companies that have made monstrous gains and outpaced the broader stock market…
I’m talking about not only Bitcoin but the broader altcoin space as well as a whole that used to make crazy insane multiples.”
Merten’s thesis is based on contracting market liquidity due to the Federal Reserve’s hawkish policies, among other factors.
“We’re in an environment of contracting liquidity. We’re in an environment
We współpracy z: https://dailyhodl.com/2023/09/07/crypto-could-be-among-the-worst-performing-assets-in-coming-years-warns-nicholas-merten-heres-why/
