DataDash’s host Nicholas Merten shared a new analysis video with his 512,000 subscribers on YouTube. Here he gives a warning to Bitcoin investors. According to the analyst, if Apple’s market value continues to decline, BTC price will also decline by more than 60 percent from current levels.
According to Merten, the falling Apple market value will also cause Bitcoin and stocks to fall. Apple reached a market value of $3 trillion in July. But it has since fallen to $2.79 trillion. The analyst says:
We don’t live in a fantasy world. If Apple’s value drops from $3 trillion to $1.5 trillion, this will also have an impact on Bitcoin. I have to say this too. This effect will be even greater than Bitcoin’s halving effect. It will be bigger than any Bitcoin ETF or other event. If this scenario happens, I’m not saying it’s a guarantee, but it’s a possible scenario. If this happens, Bitcoin price will fall to lows like $12,000 or $10,000.
The analyst states that the $200 billion drop in the value of the Apple company is a very important event. Although it seems very small in percentage. These small percentages will also have a big impact on the stocks of companies like Microsoft, FANG (Facebook, Amazon, Netflix and Google). As a result, all financial markets will be affected, which will eventually affect Bitcoin and altcoins.