Nicholas Merten: “The crypto will be difficult to achieve capitalization in $10 TRLN " - Bits Media

Leading Utube channel Datadash with more 500 000 Subscribers doubts, that in the coming years the capitalization of cryptocurrencies will be able to grow ten times due to reduction of liquidity in the markets.

Nicholas Merten (Nicholas throws) suggested, that in the near future cryptocurrencies, Along with the shares of the Faang groups (Facebook, Amazon, Apple, Netflix, Google, Microsoft и Apple) Demonstrate mediocre profitability. Merten explained his pessimistic forecast to tightening the situation with liquidity in international markets due to the policy of the US Federal Reserve System (FRS).

The analyst suggested, that the cryptocurrency market, whose market capitalization is now $1,05 trillion, It will be much more difficult to increase this indicator before $10 TRLN in comparison with the growth rate from the mark in $100 billion. According to Merten, The current economic situation is characterized by a reduction in liquidity. For cryptocurrencies to experience a new bull trend in the market, a significant increase in monetary liquidity and an increase in the internal value of securities are necessary.

However, the current Federal Customs Federal District approach to the monthly reduction of its balance $100 billion works against, The host is convinced. Interest rates, established by central banks, Including the Fed, now reach the highest level with 2007 of the year. These rates are comparable to observed in the early 1990s, and also during the inflation period of the 1970s.

Two weeks earlier, Merten expressed doubts about the future of bitcoin and ether. The analyst noted the absence of a bull impulse for these crypto assets and warned of the inevitability of further decline in crypto. According to the Datadash forecast, If the bulls are not activated in the near future, then ETH can fall below $1000.

Earlier, the cryptoanalyst said, that whales and institutional investors, accumulating bitcoins, contribute to the growth of BTC, Whereas short -term investors and traders with the shoulder cause its fluctuations.