Site na Daily Hodl - 1 afọ gara aga - Oge Ọgụgụ: nkeji 3
Crypto Analyst Nicholas Merten Says Fed Money Printing Won’t Spark New Bitcoin (BTC) Rally – Here’s Why
A closely followed crypto strategist says Bitcoin (BTC) will likely not ignite new rallies even if the Federal Reserve turns the money printers back on.
Na mmelite vidiyo ọhụrụ, Nicholas Merten, onye nnabata nke DataDash, agwa his 511,000 YouTube subscribers that he believes the king crypto will drop to around the $14,000 area even if the Fed starts printing money again, which he says caused BTC’s price to spike in the past.
"Bitcoin, like other assets, is going through a period of time where the Fed can no longer rescue it with the kind of excess money it had in the past, and we need to keep that in mind.”
According to Merten, the top crypto asset by market cap is currently in the midst of a relief rally, and he expects it to crash back down to the levels it was when FTX, a former prominent crypto exchange, collapsed last November.
“I want to go ahead and again emphasize here that that’s what [I] think is going to happen. [I] think it’s a relief rally. It’s going to roll over and go back towards new lows or relatively close to the FTX collapse lows around $14,000 [or] $15,000.”
Merten also explains why he thinks former Coinbase chief technology officer Balaji Srinivasan’s recent million-dollar nzọ on Bitcoin will go awry.
“Talking heads like Balaji that are getting a little too confident in their bets, they got to be confident because the momentum is behind them now, they’re saying and convincing you of the idea that in order to hedge your wealth, you’ve got to get your money out of the bank. You got to get it into Bitcoin.
It’s almost guaranteed [they] put a million dollars there, therefore, it’s got to be real. Don’t listen to talking heads like [Srinivasan] who tell you to [put] absolutely everything or you’re [going to] lose all your money right now. The only time you should listen to that is when you have people warning you about taking excessive risks that could lead you to lose your money, like leverage trading.”
N'oge a na-ede ihe, Bitcoin bara uru $ 27,598.
I
Echefula Beat - Idenye aha iji nweta ozi mkpu email nke a na-enyefe na igbe mbata gịTulee price Action
Soro anyị na Twitter, Facebook na telegram
ịwagharị Ngwakọta Daily Daily
Lelee Isi akụkọ kacha ọhụrụ
Ngọnarị: Echiche ndị e gosipụtara na Daily Hodl abụghị ndụmọdụ ntinye ego. Ndị na-etinye ego kwesịrị ime mkpebi siri ike tupu ha etinye ego ha nwere nnukwu ihe ọghọm Bitcoin, cryptocurrency ma ọ bụ ihe dijitalụ. Biko nye ndụmọdụ ka ị nyefe gị na azụmaahịa gị nọ n'ihe egwu gị, na ihe ọ bụla funahụrụ gị nwere ike ịbụ ibu ọrụ gị. Daily Hodl anaghị akwado ịzụrụ ma ọ bụ ire nke ihe ọ bụla cryptocurrencies ma ọ bụ akụ dijitalụ, ọbụnadị Daily Hodl abụghị onye ndụmọdụ itinye ego. Biko rịba ama na Daily Hodl na-esonye na ahịa mmekọ.
Foto enyere: Shutterstock / NextMarsMedia
The post Crypto Analyst Nicholas Merten Says Fed Money Printing Won’t Spark New Bitcoin (BTC) Rally – Here’s Why pụtara na mbụ Hodbọchị Hodl.
Isi mmalite: Hodbọchị Hodl