Crypto Analyst Predicts Bitcoin Collapse, Warns Of 'Calm Before The Storm' In Global Financial Markets
Portfolio Pulse from Murtuza Merchant
Nicholas Merten, host of YouTube channel DataDash, predicts a steady decline in Bitcoin's value, contrary to bullish narratives that expected a surge due to factors like a Bitcoin ETF, de-dollarization, and BRICS. Merten warns of potential repercussions for those heavily invested in the cryptocurrency and anticipates a significant shift in broader asset markets due to macroeconomic uncertainty.
September 20, 2023 | 10:46 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bitcoin's value is predicted to steadily decline, contrary to bullish expectations. This could have repercussions for those heavily invested in the cryptocurrency.
Nicholas Merten, a crypto analyst, predicts a steady decline in Bitcoin's value. This contradicts bullish narratives that expected a surge due to factors like a Bitcoin ETF, de-dollarization, and BRICS. Merten warns of potential repercussions for those heavily invested in the cryptocurrency, which could lead to a decrease in Bitcoin's price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100