A widely followed crypto analyst is warning that Bitcoin (BTC) could plummet on account of one potential factor.
In a new strategy session, DataDash host Nicholas Merten tells his 512,000 YouTube subscribers that Bitcoin could decline by more than 60% from its current value if Apple’s market cap continues to decline.
According to Merten, a plummeting Apple market cap will cause Bitcoin, as well as other equities, to collapse along with it. Apple reached a $3 trillion market cap in July but has declined to $2.79 trillion at time of writing.
“We can’t live in some fantasy world where if Apple is contracting from a $3 trillion company to a $1.5 trillion company that that is not going to have some impacts on Bitcoin. And