Bitcoin Rally Dey Threaten By Nasdaq Correction Amid Tech Bubble Risks
Economist Henrik Zeberg dey warn say Bitcoin rally fit scatter if Nasdaq suffer big correction. Bitcoin dey trade above $110,000, e performance show say e get strong connection with tech stocks wey dey grow well well, as US market cap-to-GDP ratios don pass wetin e bin be before 2007 crisis. This tech bubble fit bring sharp decline. If Nasdaq fall, e fit cause plenty Bitcoin sell-offs and make crypto market volatility high. Traders suppose dey monitor equity indices and market cap-to-GDP levels, plus maintain strong risk-management strategies as dem dey face this kind risk-off situations.
Bearish
Zeberg warning dey show how Bitcoin taya by Nasdaq stocks plus e warn say high market cap-to-GDP ratio mean say e be tech bubble. If Nasdaq sharply fall, e fit cause plenty sell-off for Bitcoin, e go shake e safe-haven status, plus e go make market wahala increase. Dis kin forecast mean say Bitcoin price go dey under pressure to fall short term because of panic selling, and long term because plenty people no go wan take risk.