Zeberg: BTC Will Crash With Nasdaq When Tech Bubble Pops
Main Idea
Danish economist Henrik Zeberg predicts Bitcoin (BTC) could crash alongside the Nasdaq 100 index if the tech-heavy market experiences a major correction, citing their high correlation as risk-prone assets.
Key Points
1. Henrik Zeberg believes Bitcoin's price may drop significantly if the Nasdaq 100 undergoes a major correction.
2. Zeberg argues that Bitcoin is a typical risk-prone asset, similar to tech stocks in the Nasdaq.
3. The U.S. stock market is currently in a major bubble, according to Zeberg.
4. Bitcoin and Nasdaq have shown a high correlation in market movements.
Description
Danish economist and financial analyst Henrik Zeberg believes that Bitcoin could crater together with the Nasdaq index
$BTC
$115050.6
+0.07%
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