Cryptocurrency is riding an exciting high, but a leading crypto analyst believes the worst is yet to come and investors should be ready to brace the strong winds that are coming. According to Nicholas Merten, the host of DataDash, Bitcoin (BTC) and altcoin bulls are betting on a prolonged rally but this may not materialize as many expect. He opines that the Federal Reserve will not be able to create the necessary conditions to trigger a new bull market.

The analyst has issued a stark warning to investors saying that an upcoming recession and stock market collapse are impending and therefore the narrative of Bitcoin spiking to $1 million due to the economy crash should be treated with caution. Also, he has advised investors not to ‘go all in’ on any cryptocurrency but rather to diversify their investments with a ‘fractional exposure’.

Merten's observation extends to the stock market where he has accurately predicted that a significant correction may be in sight. So far, his assessment has been without fault - in January 2022, the stock market started avoiding the red resistance band and has maintained this formation since then.

By the looks of it, the cryptocurrency community may have to endure a major price correction before its fortunes revert to a sustained bull rally. It is thus recommended that investors take necessary precautions by hedging their wealth and limiting their exposure to only what they can bear. The earlier mentioned fractional exposure is seen as a viable way to limit losses in case of a crash and still make reasonable profits in the long term.



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